Brown & Brown Acquires Amity Insurance Agency

Sica | Fletcher advises Amity Insurance Agency in its sale to Brown & Brown.

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Overview of Transaction

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  • 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.

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