Advised Founder Shield on its Sale to BRP Group, Inc.
August 2021
Oppenheimer & Co. Inc. acted as exclusive financial advisor to Founder Shield on its sale to BRP Group, Inc. (NASDAQ: BRP)
On August 2, 2021, BRP Group, Inc. (NASDAQ: BRP) (“BRP Group”) completed its previously announced acquisition by Millennial Specialty Insurance, LLC (“MSI”), an indirect subsidiary of BRP Group, of substantially all the assets of FounderShield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC (collectively, “Founder Shield” or the “Company”).
Founder Shield is a specialty focused digital broker established in 2012 by Benji Markoff and Carl Niedbala.
- 53% year-over-year revenue growth (YTD in 2021)
- Growing and profitable business model leveraging both technology and talent. Business model optimized to service mid-market clients as well as small business accounts ($100B+ small commercial insurance segment)
- Insurance products for high-growth industries including cryptocurrency, micromobility, SPACs and cannabis
Oppenheimer continues to be the partner of choice for M&A and IPOs of leading InsurTech companies.
Deal team:
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Financial Institutions Investment Banking |
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Leslie Fenton |
Ritendra Roy |
Garrett Branisel |
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