BRP Group’s subsidiary Baldwin Krystyn Sherman Partners (BKS Partners) has acquired all assets of Insurance Risk Partners (IRP).

IRP is an Oklahoma City-based provider of P&C insurance and additional consulting services. It generated nearly $7m in annual revenues.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Founded in 2016, IRP’s customer base includes both domestic and international private equity firms, publicly-traded utilities, independent power generation facilities, and renewable power generation companies.

IRP CEO Paul Brown said: “We chose to join BRP Group at this early stage in our firm’s history because we believe the partnership will accelerate our top-line growth by leveraging BRP’s innovative service platform and unique capital structure.

“BKS-Partners has an unparalleled track record of investing in the tools and client capabilities that will position our firm for continued success.”

As per the agreement, IRP will become a part of BKS-Partners’ operating group and brand under BRP nomenclature for a strategic acquisition.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BRP Group CEO Trevor Baldwin said: “IRP team expands our capabilities within the rapidly growing mission-critical energy and infrastructure segment while allowing us to better capitalize on upmarket opportunities throughout BRP.

“Given the current macro environment, we believe IRP’s clients and industry focus represent a unique combination of both economic defensibility as well as offering great growth prospects.

“As a result of this new partnership, we will expand our large account and technical insurance risk and placement capabilities in the US and abroad.”