Risk Strategies Acquires Hibbits Insurance
Sica | Fletcher advises Hibbits Insurance, Inc. (“Hibbits”) in its sale to Risk Strategies (“RSC”).
Overview of Transaction
Hibbits is a benefits general agent (“GA”) and retail property & casualty (“P&C”) agency located in South Carolina. Founded over 50 years ago, Hibbits brings extensive experience in individual and group employee benefits, Medicare planning, and ancillary coverages to its partner agencies and clients.
Hibbits 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
This transaction provides a growth strategy for Hibbits and an opportunity to cross-sell its differentiated offerings to RSC’s network.
The partnership provides RSC with a valuable benefits GA in South Carolina.
Sica | Fletcher's Role
Sica | Fletcher served as exclusive strategic and financial advisor to Hibbits 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.