BRP Group Closes Acquisition of Westwood Insurance Agency in California.

MANews-(C)2009-2022

Florida, US-based insurance distribution firm BRP Group, Inc (NASDAQ: BRP) has, through an indirect subsidiary, completed the acquisition of Westwood Insurance Agency, the firm said.

Based in West Hills, California, and owned by QBE Holdings, Inc, Westwood is a personal lines agency specializing in builder-sourced homeowners insurance.

Westwood has established itself as a partner with some of the largest homebuilders in the United States, providing homeowners insurance solutions embedded in the home purchasing experience.

With annual revenues of approximately USD 81.8m, Westwood represents BRP Group's largest partnership to date.

Morgan Stanley and Co. LLC acted as exclusive financial advisor to QBE in the transaction.

BRP Group, Inc. (NASDAQ: BRP) is an independent...

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