Sica | Fletcher Advises Bohannon Insurance Agency, Inc. In Its Sale To Relation Insurance Services
Overview of Transaction
Founded in 1973, Bohannon is a retail employee benefits agency located in Modesto, California.
With specialty expertise in the agricultural industry, Bohannon is focused primarily on
employee benefits (medical, dental, vision) and services for employers (e.g., system/portal administration, claims assistance).
Bohannon agreed to partner with Relation, a top 40 National Insurance Broker
headquartered in Walnut Creek, CA.
Significance of Transaction
Bohannon represents a notable deviation from Relation’s traditional P&C mix, providing the company with an opportunity to further bolster its benefits offerings.
With the support of Relation’s resources and access to previously unavailable prospects, Bohannon has significant growth opportunities from day one (national cross-selling, robust corporate resources, etc).
Sica Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Bohannon and explored multiple options for the firm before partnering with Relation.
Transactions such as this one demonstrate why Sica | Fletcher continues to rank #1 in the agency and brokerage advisory space.