Alera Group, Inc. Acquires Duryea Agency

Sica | Fletcher advises Duryea Agency in its sale to Alera Group, Inc.

Overview of Transaction

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  • Duryea is a retail insurance agency headquartered in Glen Gardner, New Jersey.

  • Initially founded by Dennis Duryea in 1981, Duryea is a P&C-focused generalist with a mix of business in all segments. Private passenger/business auto and homeowners are among its top lines of business.

  • Alera is an independent, national insurance and financial services firm created through the merger of like-minded, high-performing, entrepreneurial firms across the United States.

 

Significance of Transaction

  • The acquisition of Duryea provides Alera with a well-diversified book of business and adds a strong, motivated team of high-energy insurance professionals to Alera’s growing national network.

 

Sica | Fletcher's Role

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

  • This transaction further underscores Sica | Fletcher’s strong relationships with private equity firms and the brokerages they support. 

#1 Mistake Agency Owners Make When Selling Their Business

Click below to access our newest video where Sica | Fletcher Partner, Mike Fletcher, lays out the top mistake for CEOs to avoid.

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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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