MarshBerry Serves As Financial Advisor To Rogersgray, Inc. In Sale To Brp Group, Inc.
MarshBerry is pleased to offer its congratulations to RogersGray, Inc. (RogersGray) and its subsidiaries, and BRP Group, Inc. (BRP Group), on their recent partnership. MarshBerry is the investment banking firm that represented RogersGray, based in South Dennis, MA, in its sale to BRP Group. The transaction was announced on June 14, 2021 and closed on July 1, 2021.
The partnership with RogersGray, #84 on Insurance Journal’s “Top 100” list of independent property/casualty agencies, expands BRP Group’s geographic reach while further embracing key markets and industries, including expertise in Real Estate and Construction & Utilities. 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’smiddle-market operating group. With an annual reported revenue of approximately $38.8M1, RogersGray becomes BRP Group’s largest announced transaction in 2021.
“RogersGray has been a valued member of the MarshBerry Connect Network for over 10 years and we’re excited for the continued growth and new opportunities this partnership creates,” said Phil Trem, President – Financial Advisory of MarshBerry. “MarshBerry is honored to have been the investment banking firm brokering this significant transaction.”
MarshBerry remains the number one sell side advisor for insurance agencies and brokerages for the 22nd year in a row and retains its position as the industry leader for total number of clients advised2. In February 2021, MarshBerry announced that the company completed 105 M&A transactions (70 sell side/35 buy side), closing another record year for the firm. Since 1999, MarshBerry has advised on more than 900 M&A transactions which is approximately 27% of the total tracked deal flow during this period as reported by S&P Global Market Intelligence.