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Sica | Fletcher advises Abentras in its sale to High Street Insurance Partners.


Overview of Transaction

  • Founded in 2004, Abentras is a retail, employee benefits-focused insurance agency headquartered in Ponte Vedra Beach, Florida.

  • Abentras is exceedingly client- and process-focused and takes a consultative, all-inclusive approach to its product and service offerings. The Company is a stalwart advocate of benefits administration (ben-admin) platforms and is the only broker in the country with a private-label platform, Benefitfocus, branding as “Abentras Access” to its clients.  

  • Abentras agreed to partner with High Street Insurance Partners (HSIP), one of the fastest growing insurance agencies in North America and a Top 100 National Insurance Broker headquartered in Traverse City, Michigan.

Significance of Transaction

  • The acquisition of Abentras provides HSIP with an exceptional agency partner that will offer the opportunity for HSIP to bolster its existing benefits practice. The niche services offered by Abentras will provide numerous cross-selling opportunities within the HSIP partner network.

  • The transaction will provide Abentras with best-in-class resources and support, ultimately positioning the agency for continued growth in the coming years.

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Abentras and explored multiple options for the firm before partnering with HSIP.

  • The transaction underscores Sica | Fletcher's track record of success with complex transactions and strong relationships with the most prolific investors in the space.

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