Sica Fletcher

JULY 23, 2024

In it, we provide readers with a quick and simple overview of the current insurance brokerage M&A market , after which we discuss several macroeconomic and industry-specific factors that could drastically affect transactions in the next six months. The market is already highly competitive, but it’s also limited to what buyers can afford.

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

JUNE 20, 2024

The insurance M&A market in 2024 is significantly more complex now than it was 20 years ago. However, this report seeks to make sense of these qualities as a whole to provide an overview of the 2024 insurance M&A market. The table of contents below offers quick links for readers seeking specific information in later sections.

M&A 52

M&A Insurance Valuation Equities 52

Sica Fletcher

MARCH 26, 2024

This usually leads to equity-based payouts. On average, company leaders in any industry who attempt an M&A transaction using an in-house team average 30% less once the deal is complete. Below, we offer a basic breakdown of the most common advisors in an M&A transaction. Retirement. Financial Security. A Quick Turnaround.

M&A 52

M&A Insurance Valuation Advisory 52

Sica Fletcher

APRIL 18, 2024

Price, however, is not the only consideration - contemporary deals also include additional considerations, like equity and overall deal structure, to determine what a business owner will actually get from a completed M&A transaction. This is the natural consequence of getting an immediate payout.

Insurance 52

Insurance Equities M&A Finance 52

Cooley M&A

AUGUST 25, 2021

A recently published article by UC Davis School Law Professor Afra Afsharipour, “ Women and M&A ,” shows that of the 20 firms handling the most significant public M&A transactions from 2014 to 2020, Cooley is the only firm with equal gender representation in leading roles across such deals. Read the full report.

M&A 52

M&A Equities IT Business 52

Sica Fletcher

AUGUST 30, 2023

The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. Learn more at , SicaFletcher.com.

M&A 52

M&A Insurance Broker Private Equity 52

Sica Fletcher

FEBRUARY 18, 2020

In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. Sica | Fletcher is excited to keep with momentum going into 2020.

Insurance 52

Insurance M&A Private Equity Advisory 52

Cooley M&A

SEPTEMBER 1, 2021

“It’s an honor to welcome Neal to Cooley as a key member of our global M&A practice,” said Jamie Leigh, partner and co-chair of the firm’s M&A group. Neal is a remarkable M&A practitioner with extensive experience counseling leading, multinational public companies across all industries. Read more.

M&A 52

M&A Mergers and Acquisitions Private Equity Corporation 52

Sica Fletcher

NOVEMBER 9, 2023

Leveraging self-reported data from 22 prominent agent and broker acquirers, this index monitors M&A transactions representing 73% of all agency and brokerage deal activity as of YTD September 2023. The Sica | Fletcher Broker Buyer Index stands as the leading report on mergers and acquisitions within the insurance brokerage sector.

Broker 40

Broker M&A Insurance Mergers and Acquisitions 40

IBG

JANUARY 9, 2023

Good News for M&A Brokers: Congress Passes a New Securities Registration Exemption for Merger and Acquisition Brokers. Johnson , M&AMI. A new federal exemption that Congress passed during its December 2022 lame-duck session provided a welcome holiday surprise for M&A Brokers and other business sale professionals.

Broker 52

Broker Mergers and Acquisitions M&A Securities 52

Cooley M&A

SEPTEMBER 16, 2022

4] However, such exceptions were not universal and, as will be discussed below, the vast majority of dual-class charters adopted before 2016 that contained transfer restrictions did not include M&A voting agreement carve outs. In a small number of cases, a class of common stock is offered to the public that has no voting rights at all.

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

Sica Fletcher

SEPTEMBER 25, 2019

In recent posts, we outlined the background of and reasons for the dramatic upsurge of private equity investment in the insurance brokerage industry , how the combination of private equity and low interest rates have dramatically raised valuations , and how private equity sponsored agencies increasingly dominate the insurance agency business.

Private Equity 52

Private Equity Equities Insurance Capital 52

Sica Fletcher

NOVEMBER 19, 2019

Our recent blog posts have covered the private equity boom in insurance brokerages , however, the reality is that the vast preponderance of insurance brokerages (probably over 95%) have revenues under $5 million annually. How can you take advantage of the dramatic upsurge of private equity investment in the insurance brokerage?

Private Equity 52

Private Equity Equities Insurance Business 52

Sica Fletcher

MARCH 8, 2024

The inherent uncertainty of the M&A market over the last 18 months has underscored the importance of context for supplementing a full understanding before we can gain a better sense of what to expect in 2024. So, how did we get here? What Is Affecting Insurance Agency EBITDA Multiples?

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

JUNE 10, 2020

Over the past 20 years, there has been a significant shift in insurance brokerage M&A. More and more, we see private equity (PE) backed brokers emerging as the dominant buyers in the space. We asked the most active buyers, such as Acrisure, Brown & Brown, Gallagher, HUB, and more, "Why should an agency should partner with you?"

Private Equity 52

Private Equity Insurance M&A Equities 52

Sica Fletcher

JULY 2, 2024

For agency owners looking to sell their business in 2024, it’s helpful to know something about the insurance M&A buyer landscape before going in. The late 2010s, however, saw an explosion of private equity activity that has dramatically increased that pool from 5 to more than 50.

Insurance 52

Insurance M&A Private Equity Advisory 52

Sica Fletcher

FEBRUARY 6, 2024

Leveraging self-reported data from 22 of the most active acquirers in the space, the index monitors M&A transactions representing 71% of all agency and brokerage deal activity in 2023. The firm was founded in 2014 by Michael Fletcher and Al Sica, two of the industry's leading dealmakers who have advised on over $17.5

Broker 52

Broker Insurance Mergers and Acquisitions S&P 52

Sica Fletcher

OCTOBER 23, 2024

RIA valuations are typically performed by one of three parties: The M&A Advisor A Third-Party Specialist The Seller Themselves Although many sellers attempt to perform their own valuations, we strongly recommend against this. We highly recommend that sellers speak with an M&A advisor before taking their company to market.

Valuation 52

Valuation M&A Insurance Advisory 52

The Deal

AUGUST 10, 2023

Fahrney, the global co-leader of the M&A and private equity group at Sidley Austin LLP, is very involved in the firm’s lateral hiring. “We In 2014, he advised General Electric Co. (GE) “Lateral hires have become part of the business,” Brian Fahrney said on this week’s Drinks With The Deal podcast. We’ve worked a lot on that.

Private Equity 52

Private Equity M&A Equities IT 52

Sica Fletcher

DECEMBER 16, 2020

We are also the leading advisor to the private equity firms that are most interested in investing in insurance brokerages and in the private equity sponsored agencies that have been created in recent years. Every year, numerous insurance agency and broker principals attempt to sell their companies by being " Serial Daters".

Insurance 52

Insurance Private Equity Advisory Equities 52

Sica Fletcher

JUNE 11, 2024

The Insurance Brokerage M&A Market in 2024 On average, insurance brokerages are seeing the highest valuations they’ve had in a decade. Whereas 2022 saw equity making up nearly 17.5% Until this happens, we expect the insurance broker M&A market to remain active but complicated. as of H1 2024.

Broker 52

Broker Insurance Valuation S&P 52

Sica Fletcher

AUGUST 6, 2024

To begin, we need to start with a few definitions: Investment Banks: We use the colloquial meaning of “investment banks,” which often includes M&A advisory firms and other financial services firms that facilitate the growth and sale of insurance agencies around a possible sale.

Investment Banking 52

Investment Banking Insurance Banking Bank 52

The TRADE

FEBRUARY 12, 2024

Greg Finke joined the boutique asset manager after just over a year at Rothschild & Co as a senior investment dealer covering equities. Prior to joining Rothschild in January 2023, Finke spent nearly five years at Marathon Asset Management as a global equity trader covering equities and FX.

Capital 63

Capital Sale Asset Management Management 63

Sica Fletcher

APRIL 30, 2024

This article presents a step-by-step guide on how to value an insurance agency - both in the sense of how a valuation agency/M&A advisor goes about valuation, and also in terms of what insurance agency owners can do to maximize their valuation prior to running an M&A deal.

Insurance 52

Insurance Valuation M&A S&P 52

InvestmentBank.com

OCTOBER 24, 2019

For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. In fact, acquisitions by hospitals and private equity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report.

Hospitality 40

Hospitality Private Equity Equities Acquisitions 40

TechCrunch: M&A

JULY 31, 2023

Shares of the company, which went public back in 2014, are up around 13.5% Monitoring service New Relic this morning said it has agreed to be acquired by Francisco Partners and TPG for $6.5 billion in cash. on the news. The Exchange explores startups, markets and money. A business based on consumption New Relic reported revenue of $242.6

Sale 174

Sale Valuation IPO Shares 174

Sica Fletcher

SEPTEMBER 12, 2024

We do not provide a detailed overview of the M&A process (readers can find this breakdown in " How To Sell: Insurance Agency M&A, Step-By-Step "), but focus instead on the changes specific to selling a family insurance agency. Inter-family loans, unpaid salaries, or shared equity structures may complicate future sales.

Insurance 52

Insurance Valuation M&A S&P 52

TechCrunch: M&A

JULY 6, 2023

” Paperspace was co-founded in 2014 by Daniel Kobran and Dillon Erb, graduates of the University of Michigan. . ” Paperspace was co-founded in 2014 by Daniel Kobran and Dillon Erb, graduates of the University of Michigan. OpenAI’s DALL-E 2 ), large language models (e.g.

Acquisitions 271

Acquisitions Business IT Capital 271

Sica Fletcher

APRIL 11, 2024

Seller 1: The Owners Insurance agency sellers typically have clear motivations and goals going into the M&A deal process. Insurance Agency Seller Motivations Insurance agency owners enter into an M&A arrangement with one of several goals in mind.

Insurance 52

Insurance Advisory M&A Investment Banking 52

Sica Fletcher

MAY 15, 2024

EBITDA: The Standard Insurance M&A Valuation Model EBITDA (Earnings before interest, taxes, depreciation, and amortization) is the standard valuation model within the insurance M&A industry. In addition, third-party M&A institutions like S&P Global Data or Statista can provide more generalized data.

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

MARCH 12, 2024

As one of the most active M&A firms in the insurance sector, we are frequently asked how insurance agency valuations work. This article discusses the fundamentals of insurance agency valuations, plus a few lesser-known factors that play into these processes before we give an overview of the insurance M&A market in 2024.

Valuation 52

Valuation Insurance M&A Profitability 52

Shearman & Sterling

JULY 31, 2018

M&F Worldwide, 88 A.3d 2014) ("MFW"), the business judgment rule standard of review applied. On July 20, 2018, Vice Chancellor Joseph R. Lodzinski, et al., 2017-0414 (Del. July 20, 2018). 3d 635 (Del.

Stock 52

Stock Private Equity M&A Business 52

Shearman & Sterling

APRIL 16, 2019

392, 2018 (Del. . ("EnCap"), a private equity firm with majority stakes in both Bold and Oak Valley, at the expense of Earthstone and its minority stockholders. M&F Worldwide, 88 A.2d 2014) ("MFW"), and the business judgment rule applied. Lodzinski et al., 2d 635 (Del.

Negotiation 52

Negotiation Economics Private Equity M&A 52

Mergers and Inquisitions

JUNE 26, 2023

Effective June 30 th , 2023 (Friday), we are splitting the main financial modeling course (“Financial Modeling Mastery”) into 3 separate courses : Core Financial Modeling, Advanced Financial Modeling, and VC / Growth Equity Modeling. If you sign up on or after Friday, you’ll pay about twice that for all the courses separately.

Financial Models 59

Financial Models Financial Modeling Private Equity M&A 59

Sica Fletcher

SEPTEMBER 3, 2024

Consider Digitization Focus on Your Unique Selling Points (USP) Improve Client Retention Vet Prospective Clients & Carriers The Steps of Selling an Insurance Agency Book of Business Selling an insurance agency book of business shares all of the major steps of any M&A transaction and often involves the same team members.

Insurance 52

Insurance Business Valuation M&A 52

Shearman & Sterling

MARCH 3, 2020

challenging the take-private buyout of the company by its controlling stockholders and a private equity firm. M & F Worldwide Corp., 2014) ("MFW")—the buyout group conditioned its offer on approval by an independent special committee and a fully informed majority of the company's minority stockholders.

Mergers 40

Mergers Private Equity Financial Services M&A 40

Sica Fletcher

MAY 8, 2024

Quite a few articles already detail the process of “how” to sell an insurance agency (you can read our article on that subject here ), but very few get to the bare bones of “why.” For that very reason, our team sat down and wrote this article, which essentially comprises the advice we give to prospective clients during an initial consultation.

Insurance 52

Insurance M&A Valuation Advisory 52