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All Content Copyright 2019 - Sica | Fletcher LLC | 21 Green Avenue | Amityville, NY 11701

Brown & Brown Acquires CKP Insurance

Sica | Fletcher guides Florida-based CKP Insurance in its sale to Brown & Brown (NYSE: BRO)

Overview of Transaction

  • Established in 2013 CKP is perhaps the most well-respected crop insurance broker in the country and has grown to become a Top 100 Broker in the United States.

  • CKP is known as a pioneer in Apiculture, Pasture, Rangeland and Forage Insurance.

  • The CKP team will operate as a new stand-alone office within Brown & Brown’s Retail Segment

  • Brown & Brown, Inc. is a leading insurance brokerage firm, providing risk management solutions to individuals and business and the world’s seventh-largest insurance brokerage.

 

Significance of Transaction

  • The CKP insurance acquisition gives Brown & Brown a major and dominant foothold in the crop insurance market.

  • Brown & Brown was a natural fit for CKP due to shared culture, philosophy of supporting the entrepreneurial spirit, unique client focus and a historical commitment to excellence with an eye towards the long-term future.

  • CKP will operate as a region inside Brown & Brown Retail, one of four divisions.

Sica | Fletchers' Role

  • CKP engaged Sica | Fletcher to explore multiple strategic options for the firm culminating in the sale to Brown and Brown.

  • The CKP transaction builds on Sica | Fletcher's track record of success with large and complex transactions.