Brown & Brown Acquires Amity Insurance Agency
Sica | Fletcher advises Amity Insurance Agency in its sale to Brown & Brown.
Overview of Transaction
Established in 1978, Amity Insurance Agency (Amity) is a retail broker headquartered in North Quincy, Massachusetts.
As a top broker in the area, Amity provides an array of products and services for customers in the legal, transportation/parking, and construction sectors.
Brown & Brown, Inc. (NYSE: BRO) is the world’s sixth-largest insurance brokerage firm, and a leading provider of risk management solutions to individuals and businesses.
Significance of Transaction
The Amity partnership expands Brown & Brown’s share in the Northeast marketplace while simultaneously adding a young management team with a highly diversified book of business.
Sica | Fletcher's Role
Amity engaged Sica | Fletcher to explore multiple strategic options for the firm, culminating in its sale to Brown and Brown.
This transaction underscores Sica | Fletcher’s strong relationship with publicly traded companies, having previously worked with Brown & Brown on numerous deals.