Sica | Fletcher advises Dickstein Associates Agency, LLC in its sale to Risk Strategies (RSC)

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Overview of Transaction

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  • Founded in 1965, Dickstein is a full-service retail insurance agency located in Tinton Falls, New Jersey.

  • The Company is a property & casualty-focused agency with expertise in real estate and technology, as well as coastal condominium associations for which Dickstein offers an exclusive program.

  • Dickstein also offers life & health coverages (primarily group) and serves companies from less than 10 employees up to 1,000 employees.

  • Dickstein agreed to partner with Risk Strategies, a top 20 National Insurance Broker headquartered in Boston, MA.

Significance of Transaction

  • The acquisition of Dickstein enables RSC to further expand its geographic footprint in the Northeast. 

  • The transaction will provide Dickstein with expansive resources and significant support to position the agency for rapid growth in the coming years.

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Dickstein and explored multiple options for the firm before partnering with Risk Strategies.

  • The transaction elucidates Sica | Fletcher's track record of success with complex transactions and strong relationships with the key decision-makers of the most prolific acquirers in the space.

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