Area insurance firm defies Wall Street's struggles with $229M IPO

Going public has lost its luster in some financial quarters. A rollicking Tampa insurance firm, with sights set on even loftier goals, is an outlier.

Courtesy. Some 100 employees of Tampa-based BRP Group traveled to New York City on Oct. 24 to ring the ceremonial opening bell when the company went public.
Courtesy. Some 100 employees of Tampa-based BRP Group traveled to New York City on Oct. 24 to ring the ceremonial opening bell when the company went public.
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Tampa insurance holding company Baldwin Risk Partners started the year with a big win — acquiring one of the most established and respected insurance firms in Florida, Lykes Insurance, in March. Founded in 1925, Lykes handles some $125 million a year in premiums.

 

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