Sica | Fletcher Q2 Index Highlights Comparable M&A Activity to 2023
2024年8月7日 - 1:25AM
ビジネスワイヤ(英語)
YTD June 2024 Agency and Broker Buyer Index
Shows a Steady Rise for M&As
Sica | Fletcher releases the Q2 2024 Agency & Broker Buyer
Index. Deal volume was comparable to this period last year, with
investors maintaining a cautious approach in assessing acquisition
opportunities and with numerous well-funded buyers mindful of the
high cost of capital.
The Sica | Fletcher Index is the leading report on mergers and
acquisitions within the insurance brokerage sector. Leveraging
self-reported data from 22 prominent agent and broker acquirers,
the Index accounts for 70% of all deal activity in the agency and
brokerage space June YTD in 2024.
According to the report, SF Index members acquired 242
Agents/Brokers in the first half of the year, totaling $635M in
agency and broker revenue (approximately 45% less than the same
period in 2023). BroadStreet Partners demonstrated marked deal
volume growth since 2023, leading the group during Q2 2024 with
over 70% more deals than the #2 Index member.
Several SF Index Members experienced consistent growth in their
deals compared to the same period last year, while others have
temporarily paused their activities. The shift in buyer rotation
year over year is contributing to the evolving dynamics of the
insurance M&A landscape.
Private Equity-backed buyers maintain a dominant position in
M&A activity, accounting for 87% of YTD June 2024 Index
transactions. However, the interest rate environment and strategic
acquisitions are causing a slight slowdown for a few platforms.
While growth may seem slow, Sica | Fletcher’s Agency &
Broker Buyer Index reveals that many Index Members still achieved
an increase in deals year-over-year. Managing Partner Mike Fletcher
says, “Our clients’ success - and ours - are rooted in Sica |
Fletcher’s ability to bring together the right people, resources,
and ideas to create maximum value.”
To view the buyer rankings by deal volume, details on private
equity activity, and more, download the Q2 2024 Sica | Fletcher
Agency & Broker Buyer Index here.
About Sica | Fletcher: Sica | Fletcher is a strategic and
financial advisory firm focused exclusively on the insurance
industry. 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 billion in insurance agency and brokerage transactions
since 2014. According to S&P Global, Sica | Fletcher ranked as
the #1 advisor to the insurance industry for 2017-2024 YTD in terms
of total deals advised. Learn more at SicaFletcher.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240802072536/en/
Mike Fletcher Managing Partner, Sica | Fletcher
mjf@sicafletcher.com