Acrisure Acquires Demetriou General Agency

Transaction Marks Acrisure's Entry into the Wholesale Brokerage Market

Overview of Transaction

  • Demetriou General Agency ("DGA") is a wholesale managing general agency operating out of New York City since 1925. 

  • DGA distributes products for multiple insurance carriers through a retail insurance net work of over 250 agencies.

  • DGA insurance agreed to be acquired by Acrisure. a top 10 National Insurance Broker

Significance of Transaction

  • The Demetriou General Agency acquisition marks Acrisure's first wholesale brokerage acquisition.

  • Acrisure's broad retail base will provide DGA with significant growth opportunities immediately. 

  • DGA's leadership team will remain with Acrisure and look to seek to expand Acrisure's wholesale insurance capabilities.  

Sica | Fletcher's Role

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

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

  • The Demetriou General Agency transaction highlights Sica | Fletcher's role as the leading advisor in wholesale and MGA insurance space.

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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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