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Sica | Fletcher advises Apex Brokerage Company, Inc. in its sale to Choice Financial Group, LLC.

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Overview of Transaction

  • Located in Brooklyn, New York, Apex Brokerage Company, Inc. is a retail insurance agency founded by Anthony Calafiore in 1996. 

  • Apex primarily provides commercial lines coverage across a wide range of industries including contractors and commercial real estate. In addition, the company provides personal lines coverage for home and auto owners across the tri-state area. 

  • Apex decided to partner with Choice Financial Group. Choice is a rapidly-growing firm in the insurance agency and broker space, having partnered in 2021 with Northlane Capital Partners (NCP), a leading private equity platform, to enable growth.

Significance of Transaction

  • The acquisition of Apex offers Choice an expanded presence in New York. Additionally, the partnership will provide Choice with a strong team of insurance experts.  

  • The resources and support provided by Choice will rapidly accelerate Apex’s growth and allow the company to target previously unattainable clients in the tri-state area. 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Apex and explored multiple options for the firm.

  • The transaction builds on Sica | Fletcher's track record of success as the #1 advisor in the insurance brokerage space.

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