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Risk Strategies Company Acquires Benefits Network Insurance Agency

Overview of Transaction

  • Benefits Network Insurance Agency ("BNIA") is one of the largest Health and Life Insurance agencies in Ohio with over $100 million in premium per year.

  • Operating out of Cincinnati for over 25 years, BNIA offers a comprehensive line of products to small, midsize and large clients and individuals and serves over 1000 employer groups.

  • BNIA agreed to be acquired by Risk Strategies Companies, a top 20 National Insurance Broker. ​

Significance of Transaction

  • The BNIA acquisition strengthens and expands Risk Strategies employee benefits presence in the Midwest.

  • BNIA’s leadership team will remain with Risk Strategies as they continue to maintain close relationships with insurers to better serve their large client base.

Sica | Fletcher's Role

  • Sica | Fletcher served as exclusive strategic and financial advisor to BNIA. 

  • BNIA engaged Sica | Fletcher to explore multiple strategic options for the firm.

  • The BNIA transaction builds on Sica | Fletcher's track record of success across the Employee Benefits space.

  • This transaction further highlights our strong relationships with top-tier investors, having previously worked with Risk Strategies on numerous deals.

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