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BRP’s Burnham to Buy Wood Gutmann & Bogart

Wood Gutmann & Bogart Insurance Brokers, a Tustin-based insurance broker, has sold most of its assets to  BRP Group Inc., parent of Burnham Benefits Insurance Services LLC.  Terms of the deal, expected to close Dec. 1, weren’t disclosed. 

“We look forward to growing our presence in both California and the Western U.S.,” WGB Chief Executive Kevin Bogart said in a statement. 

“Our firms have dovetailed each other nicely, often sharing clients and always having mutual respect for one another,” said Kris Allison, regional president of Burnham.  

WGB reported 2020 revenue rose 8% to $36.8 million, ranking it No. 10 on the Business Journal annual list of insurance brokers published in September. 

Burnham Benefits’ Irvine office reported 2020 revenue climbed 15% to $37.8 million, good for No. 9 on the list. 

Tampa-based BRP Group, Inc. (NASDAQ: BRP) represents over 700,000 clients across the United States and internationally.

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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