Choice Acquires Ashley & Associates Insurance Agency
Sica | Fletcher advises Ashley & Associates Insurance Agency (“Ashley”) in its sale to
Choice Financial Group, LLC (“Choice”).
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.
Significance of Transaction
The acquisition of Ashley offers Choice a multi-generation family business with extremely strong ties to its local community.
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.