Sica | Fletcher Advises Bohannon Insurance Agency, Inc. In Its Sale To Relation Insurance Services

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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.