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Irvine’s Burnham Insurance Acquired

Burnham Benefits Insurance Services, Inc. and Burnham Gibson Wealth Advisors Inc., an Irvine-based consultant for insurance, retirement and employee benefits, is being acquired by a unit of BRP Group Inc. (Nasdaq: BRP), a Tampa, Fla.-based insurance distribution firm.

The unit, Baldwin Krystyn Sherman Partners LLC will acquire Burnham, which has annual revenue of $52.6 million. Burnham, ranked No. 79 in Business Insurance’s “Top 100” list of largest U.S. brokers, represents one of the largest partnerships in BRP Group’s history.

Burnham President and CEO Kristen Allison and BGWA President Darin Gibson will serve as regional president and managing partner, respectively, within BRP Group’s middle-market operating group.

Burnham, which has 130 employees, marks BRP Group’s entrance into the California market, including Los Angeles, Orange County and Sacramento.

Burnham’s expertise is in the public sector with clients ranging from K-12 schools and community colleges to cities, counties and special districts.

The deal is expected to close Dec. 31.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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