Risk Strategies Acquires Equity Partners Insurance Services
Sica | Fletcher advises Equity Partners Insurance Services, Inc. (“EPIS”)
in its sale to Risk Strategies (“RSC”).
Overview of Transaction
Established in 2002, EPIS is a P&C Managing General Agent (“MGA”) and wholesale insurance brokerage headquartered in Slidell, Louisiana.
EPIS specializes in commercial lines, personal lines, and products for garage and automotive services companies in the Southeastern United States, and amongst the Company’s specialty programs are a Garage & Auto Services unit for service and dealer operation risk, and a personal lines solution covering catastrophic property risks specific to the Gulf region.
The Company agreed to partner with Risk Strategies’ wholesale division, One80 Intermediaries (“One80”).
Risk Strategies is a top 20 National Insurance Broker headquartered in Boston, MA, recently included on Inc. Magazine’s 5000 Fastest-Growing Private Companies in America.
Significance of Transaction
The transaction provides a growth opportunity for the EPIS team to cross-sell its specialized offerings to Risk Strategies’ national network, and will allow One80 to expand its offerings within the niche garage/auto and catastrophe markets in which EPIS specializes.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to EPIS and explored multiple options for the firm.
The transaction builds on Sica | Fletcher's track record of success as the #1 advisor in the insurance brokerage space, utilizing its broad industry expertise and strong relationships with the most prolific acquirers in the space.