Risk Strategies Company Acquires Bigfoot Insurance

Sica | Fletcher advises Bigfoot Insurance in its sale to Risk Strategies Company.

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Overview of Transaction

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  • Founded in 2007, Commercial Insurance Group, LLC dba Bigfoot Insurance (Bigfoot) is a national wholesale brokerage and program manager headquartered in Colorado Springs, Colorado.

  • The company distributes products and services through over 10,000 agents via approximately 500 brokers across the United States. 

  • Bigfoot is a member of WSIA, TSLA, CSLA, and Target Markets and is a Lloyd's Coverholder.

  • Bigfoot agreed to partner with Risk Strategies Company (RSC), a top 20 National Insurance Broker headquartered in Boston, MA.

 

Significance of Transaction

  • The acquisition of Bigfoot provides RSC with an opportunity to enhance its wholesale offerings and adds an exceptional team of insurance professionals to the rapidly-growing RSC network. 

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Bigfoot and explored multiple options for the firm before its decision to partner with RSC.

  • The Bigfoot transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.

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