BRP Group Acquires Texas-Based Arcana

BRP Group, Inc. announced that Millennial Specialty Insurance, LLC, an indirect subsidiary of BRP Group, has acquired substantially all of the assets of Arcana Insurance Services, LP , a Dallas, Texas-based national insurance agency and program administrator, focused on better serving the real estate investor and property management markets.

Arcana will bring to BRP Group product capabilities in the single-family real estate market, which has powered strong organic growth over Arcana’s history. Arcana generates annual revenues of approximately $3.6 million

MarshBerry acted as exclusive financial advisor to Arcana in the transaction.