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

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.

M&A 52

M&A Insurance S&P Valuation 52

Sica Fletcher

AUGUST 18, 2020

What the Data Is Telling Us In our last few posts, we reported on what we perceived to be the trends in insurance agency and brokerage M&A in light of the pandemic and analyzed the reasons for these trends. They have enormous amounts of dry powder that they must deploy and continue to have access to very inexpensive debt.

M&A 52

M&A Insurance S&P Broker 52

TKO Miller

AUGUST 30, 2023

Packaging Trends Q2 M&A Update U.S. The S&P 500 Index is up 16.5% An 8% decrease in overall middle market valuations is a relatively small drop given buyers’ limited access to debt, increasing interest rates, and persistent inflation.

Middle Market 91

Middle Market Valuation S&P Debt 91

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. In 3Q12, the S&P 500 has risen by 3.3% Corporate debt underwriting volumes of $30.8 Announced M&A volumes of $39.8

M&A 40

M&A Underwriting S&P Debt 40

The TRADE

JANUARY 22, 2025

When Mike called me about the opportunity to join Conversant, he emphasised the firm’s long-term, buy-and-hold strategy, akin to private equity. There’s been a reopening in capital markets. It’s been busy. I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008.

Funds 59

Funds Capital Capital Market S&P 59

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. In 3Q12, the S&P 500 has risen by 3.6%

M&A 40

M&A Investment Banking Investment Bank 40

OfficeHours

OCTOBER 23, 2023

Once the terms are agreed upon, the acquisition is financed through a combination of debt and equity from the PE firm , as with a typical transaction. This results in the target company receiving a potentially very different capital structure than they previously had, typically with higher debt levels.

Investors 130

Investors Private Equity Equities Investment 130

The Deal

JUNE 22, 2023

Reed and Michael P. Chief legal officer Joshua S. billion of debt issued before the deal’s closing, which the parties hope will occur in six to nine months. Keeley of longtime counsel Kirkland & Ellis LLP for counsel on the deal. Evercore Inc., HSBC Securities (USA) Inc., Jefferies LLC and Piper Sandler Cos. stake in Nasdaq.

Private Equity 98

Private Equity S&P Equities Finance 98

Successful Acquisitions

SEPTEMBER 11, 2023

It’s a balance where numbers meet intuition, and neither aspect should be ignored. Purposes of Valuation Before diving into the nuts and bolts of valuation, it’s crucial to understand its purposes. In M&A, we seek fair market value or investment value, emphasizing the value to a specific party.

Valuation 64

Valuation Business Discounted Cash Flow Mergers and Acquisitions 64

Street of Walls

SEPTEMBER 10, 2012

Announced M&A volumes of $16.6 Thus far in 3Q12, announced M&A volumes are averaging 9% below the 2Q12 weekly average level and 12% below the 3Q11 average weekly level. Sandler O’Neill’s Weekly M&A Trends: The S&P 500 had its best week since early June The S&P 500 rose by 2.2%

Mergers and Acquisitions 40

Mergers and Acquisitions Underwriting Mergers Acquisitions 40

InvestmentBank.com

MAY 26, 2021

As the world headed into the uncharted territory of a worldwide pandemic, investors in both debt and equity markets reacted to shifts and changing conditions in several interesting ways, and the lessons they learned and the actions they take this year will set the stage for everyone’s access to capital in the years to come.

Capital Raising 52

Capital Raising Capital Debt Private Equity 52

The Harvard Law School Forum

JUNE 27, 2023

government’s battle over the debt ceiling, though resolved in early June, destabilized markets in May when it appeared lawmakers might not come to a resolution. [5] 7] A pause may be more beneficial to investors than a direct rate cut would be; the S&P 500 has historically climbed 16.9% Strine, Jr. 3] [4] The U.S.

Financial Institution 83

Financial Institution Bank Banking Consulting 83

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

Street of Walls

SEPTEMBER 24, 2012

Announced M&A volumes of $19.2 Thus far in 3Q12, announced M&A volumes are averaging 10% below the 2Q12 weekly average level and 13% below the 3Q11 average weekly level. Sandler O’Neill’s Weekly M&A Trends: Equity markets pulled back modestly on lighter trading volume The S&P 500 declined by 0.4%

Mergers 40

Mergers Underwriting Acquisitions M&A 40

Street of Walls

OCTOBER 1, 2012

Announced M&A volumes of $24.3 In 3Q12, announced M&A volumes averaged 11% below the 2Q12 weekly average level and 14% below the 3Q11 average weekly level. Sandler O’Neill’s Weekly M&A Trends: Equity markets declined for the second week in a row The S&P 500 declined by 1.3% in the week. in the week.

Investment Banking 40

Investment Banking Investment Underwriting Bank 40

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

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. Urgent financial requirements (e.g., Market/Business Environment.

Insurance 52

Insurance Advisory M&A Investment Banking 52

Sica Fletcher

MAY 8, 2024

Other times, they are hoping to use their share of the sale to alleviate personal debt. Other times, they are hoping to use their share of the sale to alleviate personal debt. If you’re asking, “ should I sell my insurance agency,” the three big questions you must answer first are: Why Do I Want To Sell?

Insurance 52

Insurance M&A Valuation Advisory 52

OfficeHours

JULY 18, 2023

It quickly became uneconomical for exploration and production companies to keep on drilling, meaning there was no need for the equity and debt capital that was typically raised on a quarterly basis. As you can imagine, this wasn’t great news for our bonuses or buyside recruiting opportunities.

Investment Banking Analyst 130

Investment Banking Analyst Funds Recruitment Investment Banking 130

Mergers and Inquisitions

JULY 31, 2024

In the early days of institutional private equity, many industrial companies were perceived to be stable, cash-flow-generation machines with significant hard assets that could be used as collateral for debt. If you ever tire of the hype around tech, industrials private equity might be an ideal hiding spot.

Private Equity 66

Private Equity Equities Middle Market Debt 66

The Harvard Law School Forum

JUNE 27, 2023

government’s battle over the debt ceiling, though resolved in early June, destabilized markets in May when it appeared lawmakers might not come to a resolution. [5] 7] A pause may be more beneficial to investors than a direct rate cut would be; the S&P 500 has historically climbed 16.9% Strine, Jr. 3] [4] The U.S.

Financial Institution 52

Financial Institution Bank Banking Consulting 52

Mergers and Inquisitions

MAY 24, 2023

Event-Driven Hedge Funds Definition: Event-driven hedge funds bet on specific corporate actions, such as M&A deals, divestitures, spin-offs, bankruptcies, and business reorganizations, and they profit based on changes in the value of a company’s debt or equity after the action.

Funds 64

Funds Investors Mergers and Acquisitions Mergers 64

Sica Fletcher

FEBRUARY 9, 2021

As we have reported throughout the year, the M&A market for insurance brokers remained at peak, pre-pandemic levels despite all of the public health, political, social, and economic dislocations. S&P reported that the number of insurance brokerage transactions closed in 2020 slightly exceeded those in 2019.

Capital 52

Capital IT Economics Insurance 52

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] billion leading the pack.

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Mergers and Inquisitions

APRIL 19, 2023

Metals & Mining Investment Banking Definition: In metals & mining investment banking, professionals advise companies that find, produce, and distribute base metals, bulk commodities, and precious metals on debt and equity issuances and mergers and acquisitions. Metals & mining investment banking used to be a “sleepy” group.

Investment Banking 52

Investment Banking Bank Banking Investment 52

Focus Investment Banking

MARCH 17, 2025

David Dart: Well, well, there’s a couple of really important elements that we’re driving here at Caliber Number one, our technician apprentice program. So that’s a really critically important talent development function that we have. Cole Strandberg: Let’s do both. David Dart: Yeah, I think it was pretty.

S&P 52

S&P IT Management M&A 52

Focus Investment Banking

MARCH 27, 2025

I know I can look at a P and L right off the bat and highlight a few things that I just stick out because weve done it both on the M and A side and the operational side. What steps should business owners take to maximize the value of their business, whether they plan to sell or grow? If you havent listened to its a great interview.

Profitability 52

Profitability Private Equity IT Mergers and Acquisitions 52