Overview of Transaction

  • Delmarva Surety is a specialty broker specializing in the contract surety industry.

  • Established in 1995 by Thomas Whipple, Delmarva Surety operates from its headquarters in Hunt Valley, MD.

  • While primarily focused in the contract surety industry, Delmarva has developed complementary products in associated areas, including commercial lines and personal lines.

  • Delmarva Surety agreed to be acquired by Risk Strategies Companies, a top 20 National Insurance Broker

Significance of Transaction

  • Delmarva Surety has been an integral part of the contract surety industry in Maryland for decades.

  • Their current leadership team in combination with Risk Strategies Company will continue to provide high quality products in the construction industry.

  • The Delmarva Surety acquisition allows Risk Strategies Company to continue expansion in the Mid-Atlantic surety market and continue to complement Delmarva’s growing P&C side.

Sica Fletchers' Role

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

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

  • The Delmarva Surety transaction demonstrates Sica | Fletcher’s continued success advising surety retail brokers.

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Contact Details

MICHAEL J. FLETCHER

Managing Partner

516.967.1958

mjf@sicafletcher.com

ALEXANDER W. SICA

Managing Partner

201.805.1561

al@sicafletcher.com

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