Overview of Transaction​

• Located in Norfolk, Virginia, Ashley is a second-generation, full-service insurance agency with a long history serving clients in Virginia and throughout the Southeast. Ashley has specialty expertise with homeowners’ associations and condominiums.

• Choice is a growing partner in the insurance agency and broker space, having recently partnered with Northlane Capital Partners (“NCP”), a leading lower middle-market private equity platform to enable growth.

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Significance of Transaction​

• The acquisition of Ashley offers Choice a multi-generation family business with extremely strong ties to its local community.

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Sica | Fletcher's Role

• Sica | Fletcher was hired to serve as strategic and financial advisor to Ashley.

• The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its relationships with growing acquirers in the space.