- BRP Group ( NASDAQ: BRP ) said Monday it acquired Michigan-based National Health Plans & Benefits Agency (NHPBA), which provides individual health insurance products.
- The deal, which adds ~$11.4M of revenue, expands BRP's individual health product offering and expertise.
- NHPBA will operate within BRP's Guided Solutions unit.
- Upfront cash payment to NHPBA, which was not disclosed, was reduced by the estimated value of grants to be issued to certain new employees.
- The acquisition brings BRP's total acquired revenue from deals announced in 2022 to $96M.
For further details see:
BRP Group acquires National Health Plans & Benefits Agency