Risk Strategies Acquires Fournier Group
Sica | Fletcher advises Fournier Group, Inc. (“Fournier”) in its sale to Risk Strategies (“RSC”).
Overview of Transaction
Fournier is a full-service insurance agency headquartered in Portland, Oregon, offering personal, business, and aviation insurance for clients in a wide range of industries.
Fournier agreed to partner with RSC, a top 20 National Insurance Broker headquartered in Boston, MA. RSC was recently included on Inc. Magazine’s 5000 Fastest-Growing Private Companies in America.
Significance of Transaction
The transaction allows RSC to add a significant geography to its national network. Fournier has numerous offices on the West Coast and will serve as a platform for expansion within the geography.
The acquisition will significantly bolster Fournier’s existing operations – RSC offers a massive client base for cross-selling opportunities, as well as a host of resources and expertise that will allow Fournier to focus on growth.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Fournier and explored multiple options for the firm.
This transaction underscores Sica | Fletcher's unparalleled relationships with top-tier investors in the insurance sector.