Foundation Risk Partners' Merger With Fairview

Sica | Fletcher advises Fairview Insurance Agency Associates, Inc. in its merger with Foundation Risk Partners.

Overview of Transaction

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  • Established in 1970 and with offices in Verona and Cherry Hill, New Jersey, Fairview Insurance Agency Associates, Inc. (Fairview) specializes in public entities and equipment dealers and provides customized insurance plans, employee benefits, risk management and insurance consulting services on behalf of almost 900 individuals, companies and public entities.

  • Fairview’s decision to partner with Foundation Risk Partners (FRP) enables the firm to reposition the business with a growth partner and accelerate expansion.

  • Since its launch in 2017, Daytona Beach’s Foundation Risk Partners has become one of the nation’s fastest-growing insurance brokerages.

Significance of Transaction

  • The transaction will allow FRP to leverage Fairview’s locations and significant book of public entity and equipment dealers, which are areas of strategic interest to Foundation Risk Partners.

  • FRP’s superior distribution capabilities will serve as a springboard to Fairview’s next chapter of growth.

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as strategic and financial advisor to Fairview. Through a collaborative approach, multiple options were explored for the firm, culminating in a merger with Foundation Risk Partners.

  • This transaction underscores Sica | Fletcher’s successful track record generating highly favorable outcomes for leading, end-to-end insurance and risk management companies.

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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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