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All Content Copyright 2020 - Sica | Fletcher LLC | 21 Green Avenue | Amityville, NY 11701

Patriot Growth Insurance Services Acquires Bagatta Associates

Sica | Fletcher guides New York-based Bagatta Associates in its sale to Patriot Growth Insurance Services.

Overview of Transaction

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  • Founded in 1975, Bagatta Associates (Bagatta) is a full-service commercial and personal lines insurance agency based out of Smithtown Long Island, New York.

  • For over forty years, Bagatta has served a range of individuals and businesses; the firm boasts expertise in the real estate, construction, fuel oil, wholesale/manufacturer/distributor, automotive and pharmaceutical industries.

  • Bagatta Associates chose to partner with Patriot Growth Insurance Services. With 21 offices in 7 states, Patriot is a top-60 U.S. privately held insurance agency.

Significance of Transaction

  • The Bagatta transaction broadens Patriot's reach in the New England and East Coast markets while strengthening its benefits offerings.

  • The partnership with Bagatta significantly bolsters Patriot’s existing property and casualty insurance capabilities and supports the platform’s continued expansion into the greater New York City marketplace.

Sica | Fletchers' Role

  • Sica | Fletcher served as exclusive strategic and financial advisor to Bagatta Associates and explored multiple options for the firm.

  • This transaction highlights Sica | Fletcher’s deep domain expertise in the insurance space, and strong relationship with top-tier investors.