Broker BRP Group Inc. said on Wednesday that it has agreed to acquire Dallas-based agency White Hill Plaza Inc., which operates the K&S Insurance Agency, through an indirect subsidiary.
K&S provides various benefits and risk management services and has expertise in the construction industry.
The terms of the transaction, which are expected to close around October 1, were not disclosed.
K&S has an annual turnover of approximately $ 19.7 million and represents BRP's eleventh business this year, Tampa, Florida-based BRP said in a statement.
In July, BRP's Millennial Specialty Insurance LLC entity acquired FounderShield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC, collectively known as Founder Shield, a New York-based insurtech company.
K&S will add scale to BRP's operations in Texas and strengthen its presence in one of the largest and fastest growing construction markets in the United States, according to Dodge Data & Analytics.
K&S has 66 employees, according to LinkedIn.