BRP Group Acquires Pendulum in New Mexico

A subsidiary of BRP Group Inc. has acquired the assets comprising the risk assessment and consulting business of Pendulum LLC, an Albuquerque, N.M.-based firm.

The business acquired from Pendulum generated annual revenues of approximately $2.0 million. Pendulum will continue operating under its current brand and will become part of Connected Risk Solutions, BRP’s specialty wholesale platform within its specialty operating group.

Pendulum offers expertise in the long-term care and senior living markets through a range of consulting services.

Atlanta, Ga.-based Connected Risk Solutions is a suite of wholesale specialists. BRP Group is an independent insurance distribution firm.