UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

BRP GROUP, INC.

(Name of Issuer)

 

CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE

(Title of Class of Securities)

 

05589G102

(CUSIP Number)

 

L. Lowry Baldwin

4010 W. Boy Scout Blvd.

Suite 200

Tampa, Florida 33607

(866) 279-0698

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

December 31, 2019

(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

L. Lowry Baldwin 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)          (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

18,933,907 (1) 

  6.

Shared Voting Power

 

16,257,507 (2)(3) 

  7.

Sole Dispositive Power

 

18,933,907 (1) 

  8.

Shared Dispositive Power

 

0 (2) 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

35,191,414 shares of Class A Common Stock (1)(2)(3) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

63.9% (3)(4) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   The total number of shares reported by L. Lowry Baldwin is equal to 18,933,907 shares that are owned by Baldwin Insurance Group Holdings, LLC, an entity controlled by L. Lowry Baldwin.

 

(2)   As more fully described in Item 4 of this Schedule 13G, L. Lowry Baldwin may be deemed to beneficially own, as a result of certain voting covenants on matters submitted to the Issuer’s common stockholders pursuant to the Voting Agreement (as defined below), an aggregate of 16,257,507 shares of Class A common stock that are beneficially owned by the Reporting Persons. Capitalized terms used herein are defined in Items 2(a) or 4 below.

 

(3)   As more fully described in Item 4 of this Schedule 13G and for the purposes of Rule 13d-3 promulgated under the Securities Exchange Act of 1934 Exchange Act (the “Exchange Act”), each of the Reporting Persons (other than Highland (as defined below) and Brian Daly) may be deemed to beneficially own, as a result of certain voting covenants on matters relating to the election of certain directors pursuant to the Villages Voting Agreement (as defined below), an aggregate of 6,263,805 shares of Class A common stock that are beneficially owned by The Villages Invesco, LLC. Capitalized terms used herein are defined in Items 2(a) or 4 below. Each such Reporting Person expressly disclaims beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) with respect to any shares of common stock in which such Reporting Persons does not have a pecuniary interest.

 

(4)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Baldwin Insurance Group Holdings, LLC 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

18,933,907 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

18,933,907 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

18,933,907 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

48.8% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Millennial Specialty Holdco, LLC 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Florida 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

4,285,714 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

4,285,714 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,285,714 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

17.8% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Elizabeth H. Krystyn 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  ☐ 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

3,090,876 (2) 

  7.

Sole Dispositive Power

 

3,090,876 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,090,876 shares of Class A Common Stock (2) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

13.5% (1)(2) 

12.

Type of Reporting Person (See Instructions)

 

IN, OO (Trustee) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

(2)   The total number of shares reported by Elizabeth H. Krystyn includes 304,439 shares owned by The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust I, Dated September 30, 2019 (as otherwise reported herein) and 304,439 shares owned by The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust II, Dated September 30, 2019 (as otherwise reported herein).

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust I, Dated September 30, 2019 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

304,439 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

304,439 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

304,439 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.5% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO (Trust) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust II, Dated September 30, 2019 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

304,439 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

304,439 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

304,439 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.5% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO (Trust) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Laura R. Sherman 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  ☐ 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

3,090,875 (2) 

  7.

Sole Dispositive Power

 

3,090,875 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,090,875 shares of Class A Common Stock (2) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

13.5% (1)(2) 

12.

Type of Reporting Person (See Instructions)

 

IN, OO (Trustee) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

(2)   The total number of shares reported by Laura R. Sherman includes 152,220 shares owned by The Laura R. Sherman GRAT 2019-1, Dated September 30, 2019 (as otherwise reported herein) and 76,113 shares owned by The Laura R. Sherman GRAT 2019-2, Dated September 30, 2019 (as otherwise reported herein).

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

The Laura R. Sherman GRAT 2019-1, Dated September 30, 2019 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

152,220

  7.

Sole Dispositive Power

 

0

  8.

Shared Dispositive Power

 

152,220

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

152,220 shares of Class A Common Stock

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.8% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO (Trust) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

The Laura R. Sherman GRAT 2019-2, Dated September 30, 2019 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

76,113 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

76,113 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

76,113 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.4% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO (Trust) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Trevor L. Baldwin 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

120,172 

  7.

Sole Dispositive Power

 

120,172 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

120,172 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.6% (1) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Kristopher A. Wiebeck 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

1,709,332 (2) 

  7.

Sole Dispositive Power

 

1,709,332 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,709,332 shares of Class A Common Stock (2) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

7.9% (1)(2) 

12.

Type of Reporting Person (See Instructions)

 

IN, OO (Trustee) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

(2)   The total number of shares reported by Kristopher A. Wiebeck includes 495,677 shares owned by The Kristopher A. Wiebeck 2019 Grantor Retained Annuity Trust, Dated September 30, 2019 (as otherwise reported herein) and 35,751 shares owned by KMW Consulting, LLC.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

The Kristopher A. Wiebeck 2019 Grantor Retained Annuity Trust, Dated September 30, 2019 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

495,677

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

495,677

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

495,677 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

2.4% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO (Trust) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

John A. Valentine 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

1,459,169 (2) 

  7.

Sole Dispositive Power

 

1,459,169 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,459,169 shares of Class A Common Stock (2) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

6.8% (1)(2) 

12.

Type of Reporting Person (See Instructions)

 

IN, OO (Trustee) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

(2)   The total number of shares reported by John A. Valentine includes 190,326 shares owned by The John A. Valentine 2019 Grantor Retained Annuity Trust, Dated September 30, 2019 (as otherwise reported herein).

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

The John A. Valentine 2019 Grantor Retained Annuity Trust, Dated September 30, 2019 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Delaware 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

190,326 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

190,326 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

190,326 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.9% (1) 

12.

Type of Reporting Person (See Instructions)

 

OO (Trust) 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Daniel Galbraith 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

1,376,592 

  7.

Sole Dispositive Power

 

1,376,592 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,376,592 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

6.5% (1) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Bradford L. Hale 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

127,171 

  7.

Sole Dispositive Power

 

127,171 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

127,171 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.6% (1) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Joseph D. Finney 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

0

  6.

Shared Voting Power

 

372,852 

  7.

Sole Dispositive Power

 

372,852 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

372,852 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.8% (1) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Christopher J. Stephens 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

71,430 

  7.

Sole Dispositive Power

 

71,430 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

71,430 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.4% (1) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

James Roche 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A. 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

266,700 

  7.

Sole Dispositive Power

 

266,700 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

266,700 shares of Class A Common Stock 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.3% (1) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Highland Risk Services LLC 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

Illinois 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

286,624 (1) 

  7.

Sole Dispositive Power

 

  8.

Shared Dispositive Power

 

286,624 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

286,624 shares of Class A Common Stock (1) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.4% (1)(2) 

12.

Type of Reporting Person (See Instructions)

 

OO 

       

(1)   Highland is wholly owned by Brian Daly. Therefore, Brian Daly, who is not a party to the Voting Agreement, may be deemed to have beneficial ownership over the shares held by Highland.

 

(2)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

CUSIP No. 05589G102

 

  1. 

Names of Reporting Persons.

 

Brian Daly 

  2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)     (b)  

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

 

U.S.A 

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  5. 

Sole Voting Power

 

  6.

Shared Voting Power

 

286,624 (1) 

  7.

Sole Dispositive Power

 

286,624 

  8.

Shared Dispositive Power

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

286,624 shares of Class A Common Stock (1) 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.4% (1)(2) 

12.

Type of Reporting Person (See Instructions)

 

IN 

       

(1)   The total amount of 286,624 shares reported by Brian Daly are owned by Highland, of which Brian Daly is the managing member. Therefore, Brian Daly, who is not a party to the Voting Agreement, may be deemed to have beneficial ownership over the shares held by Highland.

 

(2)   Based on 19,849,779 shares of Class A common stock issued and outstanding as of February 14, 2020.

 

 

 

ITEM 1.(a)       Name of Issuer: BRP Group, Inc. (the “Issuer”)

 

(b)Address of Issuer’s Principal Executive Offices:

 

4010 W. Boy Scout Blvd.
Suite 200
Tampa, Florida 33607

 

ITEM 2.(a) Name of Person Filing:

 

This Schedule 13G is being filed by:

 

1.L. Lowry Baldwin

 

2.Baldwin Insurance Group Holdings, LLC

 

3.Millennial Specialty Holdco, LLC

 

4.Elizabeth H. Krystyn

 

5.The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust I, Dated September 30, 2019

 

6.The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust II, Dated September 30, 2019

 

7.Laura R. Sherman

 

8.The Laura R. Sherman GRAT 2019-1, Dated September 30, 2019

 

9.The Laura R. Sherman GRAT 2019-2, Dated September 30, 2019

 

10.Trevor L. Baldwin

 

11.Kristopher A. Wiebeck

 

12.The Kristopher A. Wiebeck 2019 Grantor Retained Annuity Trust, Dated September 30, 2019

 

13.John A. Valentine

 

14.The John A. Valentine 2019 Grantor Retained Annuity Trust, Dated September 30, 2019

 

15.Daniel Galbraith

 

16.Bradford L. Hale

 

17.Joseph D. Finney

 

18.Christopher J. Stephens

 

19.James Roche

 

20.Highland Risk Services LLC (“Highland”)

 

21.Brian Daly

 

The foregoing entities and persons are referred to collectively as the “Reporting Persons.” The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)-3 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). The joint filing agreement among the Reporting Persons to file this Schedule 13G jointly in accordance with Rule 13d-1(k) of the Exchange Act is attached hereto as Exhibit 1.

 

(b)Address of Principal Business Office, or if None, Residence:

 

The principal office and business address of the Reporting Persons is 4010 W. Boy Scout Blvd., Suite 200, Tampa, Florida 33607.

 

(c)Citizenship or Place of Organization:

 

See row 4 of the cover sheet of the Reporting Person.

 

 

 

(d)Title of Class of Securities:

 

This Schedule 13G relates to the Issuer’s Class A common stock, par value $0.01 per share.

 

(e)CUSIP Number:

 

05589G102

 

ITEM 3.IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

 

Not Applicable.

 

ITEM 4.OWNERSHIP.

 

The information required by Item 4 is set forth in Rows 5 – 11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

 

In connection with the closing of the Issuer’s initial public offering (the “IPO”), the Reporting Persons (other than Highland and Brian Daly, in his individual capacity) entered into a voting agreement (the “Voting Agreement”) pursuant to which they agreed to vote all their shares of voting stock, including Class A common stock and Class B common stock, in accordance with the instructions of L. Lowry Baldwin on any matter submitted to the common stockholders of the Issuer for a vote. On February 14, 2020, the Voting Agreement was amended and restated to add Highland as a party.

 

In connection with the closing of the Issuer’s IPO, the Reporting Persons (other than Highland and Brian Daly) entered into a voting agreement (the “Villages Voting Agreement”) pursuant to which they agreed to vote all their shares of voting stock, including Class A common stock and Class B common stock, together and in accordance with the instructions of The Villages Invesco, LLC to elect a nominee designated by The Villages Invesco, LLC to the Company’s Board of Directors.

 

ITEM 5.OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

 

Not Applicable.

 

ITEM 6.OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

 

Not Applicable.

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

 

Not Applicable.

 

ITEM 8.IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

 

Not Applicable.

 

ITEM 9.NOTICE OF DISSOLUTION OF GROUP.

 

Not Applicable.

 

ITEM 10.CERTIFICATIONS.

 

Not Applicable.

 

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 14, 2020

 

  1.           *
    L. Lowry Baldwin
     
 

2.

          *
   

Baldwin Insurance Group Holdings, LLC

     
  3.           *
   

Millennial Specialty Holdco, LLC

     
  4.           *
    Elizabeth H. Krystyn
     
  5.           *
    The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust I, Dated September 30, 2019
     
  6.           *
    The Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust II, Dated September 30, 2019
     
  7.           *
   

Laura R. Sherman

     
  8.           *
    The Laura R. Sherman GRAT 2019-1, Dated September 30, 2019
     
  9.           *
   

The Laura R. Sherman GRAT 2019-2, Dated September 30, 2019

     
  10.           *
   

Trevor L. Baldwin

     
  11.           *
   

Kristopher A. Wiebeck

     
  12.           *
   

The Kristopher A. Wiebeck 2019 Grantor Retained Annuity Trust, Dated September 30, 2019

     
  13.           *
   

John A. Valentine

     
  14.           *
    The John A. Valentine 2019 Grantor Retained Annuity Trust, Dated September 30, 2019
     
  15.           *
   

Daniel Galbraith

     
  16.           *
   

Bradford L. Hale

     
  17.           *
   

Joseph D. Finney

     
  18.  /s/ Christopher J. Stephens
    Christopher J. Stephens
     
  19.           *
   

James Roche

     
  20.           *
   

Highland Risk Services LLC

     
  20.           *
   

Brian Daly

     
   

 

*By      /s/ Christopher J. Stephens        ]  
       Christopher J. Stephens  
       Attorney-in-Fact  

 

 

Exhibit 1

 

JOINT FILING AGREEMENT

 

February 14, 2020

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to (i) the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A common stock of BRP Group, Inc., par value $0.01 per share, and (ii) that this Joint Filing Agreement be included as an exhibit to such joint filing, provided that, as contemplated by Section 13d-1(k)(ii), no person shall be responsible for the completeness and accuracy of the information concerning the other persons making the filing unless such person knows or has reason to believe such information is inaccurate.

 

The Joint Filing Agreement may be executed in any number of counterparts all of which together shall constitute one and the same instrument.

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  L. LOWRY BALDWIN
   
  By: /s/ L. Lowry Baldwin
    Name: L. Lowry Baldwin  
       
       
  BALDWIN INSURANCE GROUP HOLDINGS, LLC
   
  By: /s/ L. Lowry Baldwin
    Name: L. Lowry Baldwin  
    Title: Manager  
       
       
  MILLENNIAL SPECIALTY HOLDCO, LLC
   
  By: /s/ James M. Roche
    Name: James M. Roche  
    Title: Managing Partner  
       
       
  ELIZABETH H. KRYSTYN
   
  By: /s/ Elizabeth H. Krystyn
    Name: Elizabeth H. Krystyn  
       
       
  ELIZABETH H. KRYSTYN 2019 GRANTOR RETAINED ANNUITY TRUST I DATED SEPTEMBER 30, 2019
   
  By: /s/ Elizabeth H. Krystyn
    Name: Elizabeth H. Krystyn  
    Title: Sole Trustee  
         

 

 

  ELIZABETH H. KRYSTYN 2019 GRANTOR RETAINED ANNUITY TRUST II DATED SEPTEMBER 30, 2019
   
  By: /s/ Elizabeth H. Krystyn
    Name: Elizabeth H. Krystyn  
    Title: Sole Trustee  
       
       
  LAURA R. SHERMAN
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman  
       
     
  LAURA R. SHERMAN GRAT 2019-1 DATED SEPTEMBER 30, 2019
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman  
    Title: Sole Trustee  
       
       
  LAURA R. SHERMAN GRAT 2019-2 DATED SEPTEMBER 30, 2019
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman  
    Title: Sole Trustee  
       
       
  TREVOR L. BALDWIN
   
  By: /s/ Trevor L. Baldwin
    Name: Trevor L. Baldwin  
       

 

 

  KRISTOPHER A. WIEBECK
   
  By: /s/ Kristopher A. Wiebeck
    Name: Kristopher A. Wiebeck  
       
       
  KRISTOPHER A. WIEBECK 2019 GRANTOR RETAINED ANNUITY TRUST DATED SEPTEMBER 30, 2019
   
  By: /s/ Kristopher A. Wiebeck
    Name: Kristopher A. Wiebeck  
    Title: Sole Trustee  
       
       
  JOHN A. VALENTINE
   
  By: /s/ John A. Valentine
    Name: John A. Valentine  
       
       
  JOHN A. VALENTINE 2019 GRANTOR RETAINED ANNUITY TRUST DATED SEPTEMBER 30, 2019
   
  By: /s/ John A. Valentine
    Name: John A. Valentine  
    Title: Sole Trustee  
       
       
 
DANIEL GALBRAITH
   
  By: /s/ Daniel Galbraith
    Name: Daniel Galbraith  
       

 

 

 

BRADFORD L. HALE

 

  By: /s/ Bradford L. Hale
    Name: Bradford L. Hale  
       
       
 

JOSEPH D. FINNEY

 

  By: /s/ Joseph D. Finney
    Name: Joseph D. Finney  
       
       
 

CHRISTOPHER J. STEPHENS

 

  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens  
       
       
 

JAMES ROCHE

 

  By: /s/ James M. Roche
    Name: James M. Roche  
       
       
 

HIGHLAND RISK SERVICES LLC

 

  By: /s/ Brian Daly
    Name: Brian Daly  
   

Title: President

 

 
       
 

BRIAN DALY

 

  By: /s/ Brian Daly
    Name: Brian Daly  
       

 

Exhibit 2.1

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

 

L. LOWRY BALDWIN

 

   
  By: /s/ L. Lowry Baldwin
    Name: L. Lowry Baldwin
       

 

Exhibit 2.2

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

 

BALDWIN INSURANCE GROUP

HOLDINGS, LLC

 

   
  By: /s/ L. Lowry Baldwin
    Name: L. Lowry Baldwin  
    Title: Manager  

 

Exhibit 2.3

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  MILLENNIAL SPECIALTY HOLDCO, LLC
   
   
  /s/ James M. Roche  
  Name: James M. Roche  
  Title: Managing Partner  
       

 

Exhibit 2.4

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  ELIZABETH H. KRYSTYN
   
   
  /s/ Elizabeth H. Krystyn
  Name: Elizabeth H. Krystyn  
     
     

 

Exhibit 2.5

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

 

ELIZABETH H. KRYSTYN 2019

GRANTOR RETAINED ANNUITY TRUST

I DATED SEPTEMBER 30, 2019

 

   
  /s/ Elizabeth H. Krystyn
  Name: Elizabeth H. Krystyn  
  Title: Sole Trustee  
     

 

Exhibit 2.6

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  ELIZABETH H. KRYSTYN 2019 GRANTOR RETAINED ANNUITY TRUST II DATED SEPTEMBER 30, 2019
   
   
  By: /s/ Elizabeth H. Krystyn
    Name: Elizabeth H. Krystyn
    Title: Sole Trustee

 

Exhibit 2.7

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

 

LAURA R. SHERMAN

 

   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman  
     

 

Exhibit 2.8

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

     
  LAURA R. SHERMAN GRAT 2019-1 DATED SEPTEMBER 30, 2019
   
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman
    Title: Sole Trustee
     

 

Exhibit 2.9

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

     
  LAURA R. SHERMAN GRAT 2019-2 DATED SEPTEMBER 30, 2019
   
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman
    Title: Sole Trustee

 

Exhibit 2.10

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  TREVOR L. BALDWIN
   
   
  By: /s/ Trevor L. Baldwin
    Name: Trevor L. Baldwin
     

 

Exhibit 2.11

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  KRISTOPHER A. WIEBECK
   
   
  By: /s/ Kristopher A. Wiebeck
    Name: Kristopher A. Wiebeck
     
     

 

Exhibit 2.12

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

     
  KRISTOPHER A. WIEBECK 2019 GRANTOR RETAINED ANNUITY TRUST DATED SEPTEMBER 30, 2019
   
   
  By: /s/ Kristopher A. Wiebeck
    Name: Kristopher A. Wiebeck
    Title: Sole Trustee

 

Exhibit 2.13

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  JOHN A. VALENTINE
   
   
  By: /s/ John A. Valentine
    Name: John A. Valentine
     
     

 

Exhibit 2.14

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

  JOHN A. VALENTINE 2019 GRANTOR RETAINED ANNUITY TRUST DATED SEPTEMBER 30, 2019
   
   
  By: /s/ John A. Valentine
    Name: John A. Valentine
    Title: Sole Trustee

 

Exhibit 2.15

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

 
DANIEL GALBRAITH
   
   
  By: /s/ Daniel Galbraith
    Name: Daniel Galbraith
     

 

Exhibit 2.16

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

 

BRADFORD L. HALE

 

   
  By: /s/ Bradford L. Hale
    Name: Bradford L. Hale
     

 

Exhibit 2.17

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

     
 

JOSEPH D. FINNEY

 

   
  By: /s/ Joseph D. Finney
    Name: Joseph D. Finney
     

 

Exhibit 2.18

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     
     

 

 

 

JAMES ROCHE

 

   
  By: /s/ James M. Roche
    Name: James M. Roche
     

 

Exhibit 2.19

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

     
 

HIGHLAND RISK SERVICES LLC

 

   
  By: /s/ Brian Daly
   

Name: Brian Daly

Title: President

 

 

Exhibit 2.20

 

LIMITED POWER OF ATTORNEY

 

February 14, 2020

 

Know all by these presents, that the undersigned hereby makes, constitutes and appoints Christopher J. Stephens, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

 

1.Prepare, execute, acknowledge, deliver and file Schedules 13G, 13D, Forms 3, 4, and 5 (including any amendments thereto), including applications for Form ID, and any actions or documents necessary to facilitate the timely filing of beneficial ownership reports, with respect to the securities of BRP Group, Inc., a Delaware corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”);

 

2.Seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and

 

3.Perform any and all other acts which in the discretion of the attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

 

The undersigned acknowledges that:

 

1.This Limited Power of Attorney authorizes, but does not require, the attorney-in-fact to act in his discretion on information provided to the attorney-in-fact without independent verification of such information;

 

2.Any documents prepared and/or executed by the attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as the attorney-in-fact, in his discretion, deems necessary or desirable;

 

3.Neither the Company nor the attorney-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 13 or 16 of the Exchange Act; and

 

4.This Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Sections 13(d) and 16 of the Exchange Act. The undersigned hereby gives and grants the attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that the attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney.

 

This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

  CHRISTOPHER J. STEPHENS
   
   
  By: /s/ Christopher J. Stephens
    Name: Christopher J. Stephens
     

 

 

     
 

BRIAN DALY

 

   
  By: /s/ Brian Daly
    Name: Brian Daly

 

Exhibit 3

 

AMENDED AND RESTATED

 

VOTING AGREEMENT

 

AGREEMENT, dated effective as of February 14, 2020 among L. Lowry Baldwin (the “Lowry Baldwin Holder”), and Baldwin Insurance Group Holdings, LLC, Millennial Specialty Holdco, LLC, Elizabeth H. Krystyn, Elizabeth Krystyn 2019 Grantor Retained Annuity Trust I dated September 30, 2019, Elizabeth Krystyn 2019 Grantor Retained Annuity Trust II dated September 30, 2019, Laura R. Sherman, Laura R. Sherman GRAT 2019-1 dated September 30, 2019, Laura R. Sherman GRAT 2019-2 dated September 30, 2019, Trevor L. Baldwin, Kristopher A. Wiebeck, Kristopher A. Wiebeck 2019 Grantor Retained Annuity Trust dated September 30, 2019, John A. Valentine, John A. Valentine 2019 Grantor Retained Annuity Trust dated September 30, 2019, Daniel Galbraith, Bradford L. Hale, Joseph D. Finney, Christopher J. Stephens, James Roche (collectively, the “Initial BRP Holders”) and Highland Risk Services LLC (“Highland,” and collectively with the Initial BRP Holders, the “BRP Holders” and together with the Lowry Baldwin Holder, each a “Holder”).

 

WHEREAS, BRP Group, Inc. (“Pubco”) consummated an initial public offering (the “IPO”) of its Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), and, pursuant to a reorganization agreement, immediately prior to the IPO, the Initial BRP Holders, the Lowry Baldwin Holder and the other holders of equity in Baldwin Risk Partners, LLC, a Delaware limited liability company received new units in Baldwin Risk Partners, LLC (the “Units”) and an equivalent number of shares of Class B Common Stock, par value $0.0001 per share, of Pubco (the “Class B Common Stock,” and together with the Class A Common Stock, the “Shares”);

 

WHEREAS, the Initial BRP Holders and the Lowry Baldwin Holder entered into a Voting Agreement, dated as of October 28, 2019 (the “Original Voting Agreement”) that during any period following completion of the IPO, the BRP Holders will, as set forth below, agree to vote in the same manner as the Lowry Baldwin Holder;

 

WHEREAS, Highland now desires to enter into this Agreement in connection with that certain Asset Purchase Agreement, dated as of December 17, 2019, by and among Highland, BRP Insurance Intermediate Holdings, LLC, and the other signatories thereto (the “Highland APA”); and

 

WHEREAS, the Holders now desire to amend and restate the Original Voting Agreement in its entirety to expressly permit future holders of Units and Shares to join in this Agreement pursuant to the execution and delivery of a prescribed form of joinder.

 

 

 

 

NOW, THEREFORE, the parties hereto agree as follows:

 

Article 1
Voting Agreement; Grant of Proxy

 

Section 1.01. Voting Agreement. In connection with any meeting of the shareholders of Pubco or any written consent of shareholders of Pubco (each, a “Vote”), each BRP Holder hereby agrees to vote or exercise its right to consent in the manner directed by the Lowry Baldwin Holder in connection with any such Vote.

 

Section 1.02. Irrevocable Proxy. Each BRP Holder hereby revokes any and all previous proxies granted with respect to the Shares held by it. By entering into this Agreement, each BRP Holder hereby grants a proxy appointing the Lowry Baldwin Holder as such BRP Holder’s attorney-in-fact and proxy, with full power of substitution, for and in such BRP Holder’s name, to vote, express consent or dissent, or otherwise to utilize such voting power in the manner contemplated by ‎Section 1.01 above as the Lowry Baldwin Holder or its proxy or substitute shall, in the Lowry Baldwin Holder’s sole discretion, deem proper with respect to the Shares. The proxy granted by each Initial BRP Holder pursuant to this ‎Article 1 is irrevocable and indefinite in duration, and is granted in consideration of the agreements made by the Lowry Baldwin Holder in connection with formation of Pubco and facilitation of the IPO. The proxy granted by Highland pursuant to this Article 1 is irrevocable and indefinite in duration, and is granted in consideration of the purchase price received by Highland pursuant to the Highland APA. The proxy granted by each BRP Holder shall extend until the termination of this Agreement in accordance with its terms, even if such period is in excess of three years.

 

Article 2
Representations and Warranties of the Holders

 

Section 2.01. Corporation Authorization. Each Holder that is not a natural person represents and warrants to each of the other Holders and Pubco that such Holder is validly organized and existing under the laws of its state of organization and has all requisite power and authority to execute and deliver this Agreement, to perform fully its obligations hereunder and to consummate the transactions contemplated hereby, and that this Agreement constitutes the valid and binding agreement of such Holder.

 

Section 2.02. Non-Contravention. Each Holder represents and warrants to each of the other Holders and Pubco that the execution, delivery and

 

 

 

performance by such Holder of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) contravene or conflict with, or constitute a violation of, any organizational documents of such Holder; (ii) if such Holder is not a natural person, contravene or conflict with, or constitute a violation of, any material applicable law or any material agreement or order binding on such Holder; or (iii) result in the imposition of any Lien (as defined below) on any asset of such Holder.

 

Section 2.03. Ownership of Shares. Each Holder represents and warrants to each of the other Holders and Pubco that such Holder is the record and beneficial owner of all of the Shares owned by them on the date hereof, any and all liens, charges, security interests, options, claims, mortgages, pledges, proxies, voting trusts or agreements, obligations, understandings or arrangements or other restrictions on title or transfer of any nature whatsoever (collectively, “Liens”) and any other limitation or restriction (including any restriction on the right to vote or otherwise dispose of the Shares), other than transfer restrictions under applicable securities laws. None of the Shares is subject to any voting trust or other agreement or arrangement with respect to the voting of such Shares.

 

Article 3
Miscellaneous

 

Section 3.01. Other Definitional and Interpretative Provisions. Unless specified otherwise, in this Agreement the obligations of any party consisting of more than one person are joint and several. The words “hereof”, “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections, Exhibits and Schedules are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise specified. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit or Schedule but not otherwise defined therein, shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person (as defined below) include the successors and permitted assigns of that Person. References from or through any date mean, unless otherwise specified,

 

 

 

from and including or through and including, respectively. For the purposes of this Agreement, “Person” shall mean any natural person or any corporation, partnership, joint venture or enterprise, limited liability company, unincorporated association, trust, estate, governmental entity or other entity or organization, and shall include the successor (by merger or otherwise) of any entity or organization.

 

Section 3.02. Further Assurances. Each party to this Agreement, at any time and from time to time upon the reasonable request of another party to this Agreement, shall promptly execute and deliver, or cause to be executed and delivered, all such further instruments and take all such further actions as may be reasonably necessary or appropriate to confirm or carry out the purposes and intent of this Agreement.

 

Section 3.03. Expenses. All costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost or expense.

 

Section 3.04. Governing Law. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such state.

 

Section 3.05. Consent to Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the Delaware Chancery Court, and that any cause of action arising out of this Agreement shall be deemed to have arisen from a transaction of business in the State of Delaware, and each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.

 

Section 3.06. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section 3.07. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any person or entity or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a

 

 

 

suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other persons, entities or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction.

 

Section 3.08. Counterparts. This Agreement may be executed (including by facsimile transmission) with counterpart pages or in one or more counterparts, each of which shall be deemed an original and all of which shall, taken together, be considered one and the same agreement, it being understood that both parties need not sign the same counterpart.

 

Section 3.09. Entire Agreement. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes all prior and contemporaneous agreements and understanding, both oral and written, among the parties hereto with respect to the subject matter hereof.

 

Section 3.10. Amendments; Waiver. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement or in the case of a waiver, by the party against whom the waiver is to be effective.

 

Section 3.11. Specific Performance. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement is not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof in addition to any other remedy to which they are entitled at law or in equity.

 

Section 3.12. Termination. This Agreement will automatically terminate and be of no force and effect if (a) the closing of the IPO does not occur within twelve months from the date of this Agreement; (b) the Lowry Baldwin Holder ceases to hold any Shares or (c) the Lowry Baldwin Holder terminates this Agreement by written notice to each Holder.

 

Section 3.13. Joinder. In the event any stockholder of Pubco desires to join into and become a party to this Agreement, such stockholder shall execute and deliver to the Lowry Baldwin Holder a joinder to this Agreement, in form of Exhibit A, agreeing to become a “BRP Holder” for all purposes of this Agreement, except as may be expressly otherwise provided in such joinder. Any such joinder to this Agreement shall not constitute an amendment of this Agreement pursuant to Section 3.10.

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

    L. LOWRY BALDWIN
   
    By: /s/ L. Lowry Baldwin
       
       
  BALDWIN INSURANCE GROUP HOLDINGS, LLC
   
  By: /s/ L. Lowry Baldwin
    Name: L. Lowry Baldwin
    Title: Manager
       
       
  MILLENNIAL SPECIALTY HOLDCO, LLC
   
  By: /s/ James M. Roche
    Name: James M. Roche
    Title: Managing Partner
       
       
  ELIZABETH H. KRYSTYN
   
  By: /s/ Elizabeth H. Krystyn
       
       
  ELIZABETH H. KRYSTYN 2019 GRANTOR RETAINED ANNUITY TRUST I DATED SEPTEMBER 30, 2019
   
  By: /s/ Elizabeth H. Krystyn
    Name: Elizabeth H. Krystyn
    Title: Sole Trustee

 

 

  ELIZABETH H. KRYSTYN 2019 GRANTOR RETAINED ANNUITY TRUST II DATED SEPTEMBER 30, 2019
   
  By: /s/ Elizabeth H. Krystyn
    Name: Elizabeth H. Krystyn
    Title: Sole Trustee
       
       
  LAURA R. SHERMAN
   
  By: /s/ Laura R. Sherman
       
       
  LAURA R. SHERMAN GRAT 2019-1 DATED SEPTEMBER 30, 2019
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman
    Title: Sole Trustee
       
       
  LAURA R. SHERMAN GRAT 2019-2 DATED SEPTEMBER 30, 2019
   
  By: /s/ Laura R. Sherman
    Name: Laura R. Sherman
    Title: Sole Trustee
       
       
  TREVOR L. BALDWIN
   
  By: /s/ Trevor L. Baldwin
       
       

 

 

  KRISTOPHER A. WIEBECK
   
  By: /s/ Kristopher A. Wiebeck
       
       
  KRISTOPHER A. WIEBECK 2019 GRANTOR RETAINED ANNUITY TRUST DATED SEPTEMBER 30, 2019
   
  By: /s/ Kristopher A. Wiebeck
    Name: Kristopher A. Wiebeck
    Title: Sole Trustee
       
       
  JOHN A. VALENTINE
   
  By: /s/ John A. Valentine
       
       
  JOHN A. VALENTINE 2019 GRANTOR RETAINED ANNUITY TRUST DATED SEPTEMBER 30, 2019
   
  By: /s/ John A. Valentine
    Name: John A. Valentine
    Title: Sole Trustee
       
       
 
DANIEL GALBRAITH
   
  By: /s/ Daniel Galbraith
       
       

 

 

 

BRADFORD L. HALE

 

  By: /s/ Bradford L. Hale
       
     
       
 

JOSEPH D. FINNEY

 

  By: /s/ Joseph D. Finney
       
     
       
  CHRISTOPHER J. STEPHENS
  By: /s/ Christopher J. Stephens
       
       
       
 

JAMES ROCHE

 

  By: /s/ James Roche
       
     
       
 

HIGHLAND RISK SERVICES LLC

 

  By: /s/ Brian Daly
    Name: Brian Daly  
    Title:   Manager  

 

 

Exhibit A

 

Joinder

 

JOINDER TO AMENDED AND RESTATED

 

VOTING AGREEMENT

 

The undersigned is executing and delivering this Joinder pursuant to the Amended and Restated Voting Agreement, dated effective as of February       , 2020 (as the same may hereafter be amended, the “Voting Agreement”), by and among L. Lowry Baldwin and the other persons named as parties therein. Capitalized terms used in this Joinder but not otherwise defined herein have the meanings ascribed thereto in the Voting Agreement.

 

1.The undersigned agrees to be bound by all the terms and provisions of the Voting Agreement, effective as of the date hereof, as if the undersigned were a “BRP Holder” signatory to the Voting Agreement.

 

2.The proxy granted by the undersigned pursuant to this Joinder is irrevocable and indefinite in duration, and is granted in consideration of the purchase price received by the undersigned pursuant to [______________________].

 

3.This Joinder shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within such State.

 

IN WITNESS WHEREOF, the undersigned has executed this Joinder as of __________ __, 20__

 

 

[______________________]

 

 

 

  By: /
    Name:
    Title: