FIRM, Inc. Insurance Agency Acquired by Alera Group

Overview of Transaction

  • FIRM, Inc. is a general independent insurance agency with a broad range of Commercial, Personal and Life & Health products.

  • Established in 1907, FIRM has grown to be one of the premier insurance agencies in Bergen County and Northern New Jersey.

  • Through their exclusive Marina Insurance Program, FIRM offers comprehensive insurance protection for marinas and boatyards.

  • FIRM agreed to be acquired by Alera Group, the 14th largest independent insurance agency in the country.

 

Significance of Transaction

  • The FIRM, inc. acquisition strengthens Alera Group’s presence in the Northeast, expanding their locations to their 16th state.

  • Alera’s national resources and extensive knowledge will provide FIRM with significant growth opportunities.

  • FIRM’s leadership team will remain with Alera Group as they continue to provide important expertise for clients in the Northeast.

Sica | Fletcher's Role

  • Sica | Fletcher served as exclusive strategic and financial advisor to FIRM, Inc.

  • FIRM engaged Sica | Fletcher to explore multiple strategic options for the firm.

  • Transaction demonstrates Sica | Fletcher’s continued track record of success advising across the Commercial, Personal and L&H space.

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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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