With annual revenue of approximately $38.8 million, RogersGray (#84 in Insurance Journal’s “Top 100” list of independent property/casualty agencies) represents BRP Group’s largest announced Partnership in 2021 and fourth “Top 100” Partnership since the beginning of the fourth quarter of 2020. RogersGray President and Chief Executive Officer, David Robinson, and RogersGray Chairman, Michael Robinson, will serve as Co-Regional Presidents of the New England Region within BRP Group’s middle-market operating group.
The Partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close July 1, 2021, subject to certain closing conditions.
Over its history, RogersGray has delivered an impressive track record of revenue growth. This Partnership, which brings with it approximately 220 colleagues, enhances and further expands BRP Group’s geographic reach in key markets and industries. RogersGray provides risk solutions to commercial clients across a broad range of industries, with particular strengths in Real Estate and Construction & Utilities and brings to BRP Group an attractive coastal personal lines footprint.
“RogersGray is one of the top independent firms in the Northeast, featuring a history of growth and an exceptional group of talent led by an accomplished management team buying into BRP Group’s long-term vision. RogersGray will significantly bolster our geographic footprint and product offerings in New England and the broader Northeast region, and we are particularly excited about adding Monomoy to our MGA of the Future platform,” said Trevor Baldwin, Chief Executive Officer of BRP Group. “David, Michael and their incredibly talented team have prioritized client service above all else, while also fostering a dynamic colleague-centric culture that is clearly aligned with what we are building at BRP Group, and we are thrilled to welcome the RogersGray team to the BRP family.”
“We’ve built a tremendously successful business, and we believe joining the BRP Group team presents a meaningful opportunity to take our growth to the next level. This is a natural next step for our stakeholders, and we expect the combination will create considerable value over the long term,” said Dave Robinson, President and Chief Executive Officer of RogersGray. “By partnering with BRP Group, we look forward to providing our clients with the level of service they are accustomed to while providing additional tools, resources and capabilities gained by coming on board to the BRP platform.”
“We are thrilled to be joining the BRP Group team and believe the Partnership aligns us with a Partner who shares and supports our long-term goals and vision,” said Michael Robinson, Chairman of RogersGray. “We are truly proud of our team’s collective accomplishments, and as we join the BRP Group family, we could not be more excited to take RogersGray to the next level for our clients and colleagues who will ultimately benefit from our combined scale and capabilities.”
MarshBerry acted as exclusive financial advisor to RogersGray in the transaction.
ABOUT BRP GROUP, INC.
BRP Group, Inc. is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance and employee benefits, and support our clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our growth. BRP Group represents over 600,000 clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com. Learn more about BKS-Partners at www.bks-partners.com.
ABOUT ROGERSGRAY, INC.
Headquartered in South Dennis, Massachusetts, RogersGray’s dedicated insurance professionals help manage risk through a consultative approach designed to protect personal insurance, business insurance and employee benefits clientele. Everything at RogersGray is governed by one simple principle: to do the right thing for their people and their clients. The Firm prides itself on its community involvement, family-like culture, employee education and excellent client services.