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Sica | Fletcher advises Caton Hosey in its sale to Brown & Brown Insurance.


Overview of Transaction

  • Founded in 1948, Caton Insurance Agency, Inc. (Caton Hosey) is a full-service retail insurance agency headquartered in Port Orange, Florida.

  • Caton Hosey has developed an exceptional team of employees led by its CEO, Rex Caton, and President, John Hosey. The Company is well-known in the region for its friendly service, affordable coverage, and longstanding relationships within the community.

  • Caton Hosey agreed to partner with Brown & Brown, one of the leading insurance brokerage firms, with over 15,000 teammates and over 500 locations worldwide. The firm is headquartered in Daytona Beach, Florida.

Significance of Transaction

  • As friendly competitors for many years, the acquisition of Caton Hosey provides Brown & Brown with an exceptional agency partner that will offer the opportunity for Brown & Brown to bolster its existing footprint in Daytona Beach and the surrounding areas.

  • The transaction will provide Caton Hosey with best-in-class resources and support, ultimately positioning the agency for continued growth in the coming years.

Sica | Fletcher's Role

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

  • The transaction underscores Sica | Fletcher's track record of success with complex transactions and strong relationships with the most prolific investors in the space.

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