Overview of Transaction

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• Founded in 1973, Ellsworth is a premier retail specialty agency headquartered in Metairie, Louisiana (located just outside the New Orleans metro area). 

• Ellsworth has built an exceptional reputation as one of the South’s most respected providers of surety and bonding, insurance and risk management, and workforce health benefit solutions. Ellsworth has established niches and core teams that focus on commercial marine insurance, oil & gas insurance programs, and construction bonds. 

• Ellsworth agreed to partner with World Insurance Associates, a Top 50 Insurance Brokerage.

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Significance of Transaction​

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• The acquisition of Ellsworth will provide World with a robust presence in the South and a strong team of highly experienced insurance professionals. 

• The combination of Ellsworth’s unique skillset and World's resources creates an exciting opportunity for both organizations. Ellsworth will gain access to an expanded suite of insurance offerings and significant cross-selling opportunities with World’s national network of agency partners.

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Sica | Fletcher's Role

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• Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Ellsworth and explored multiple options for the firm before its decision to partner with World.

• This transaction highlights Sica | Fletcher's strong relationships with top-tier investors in the insurance sector.