Risk Strategies Acquires Hill Program Managers
Sica | Fletcher advises Hill Program Managers, LLC (“HPM”) in its sale to
Risk Strategies (“RSC”).
Overview of Transaction
Hill Program Managers, LLC (“HPM“ or the “Company”) is a specialty property and casualty (“P&C”) insurance program manager headquartered in Denver, Colorado.
HPM specializes in developing, marketing and underwriting liability insurance programs tailored for oil and gas service industries, architect and engineer service providers, and business valuation and consulting professionals.
HPM agreed to partner with Risk Strategies’ rapidly-growing wholesale division, One80 Intermediaries (“One80”). Risk Strategies is a top 20 National Insurance Broker headquartered in Boston, MA.
Significance of Transaction
The partnership with One80 will allow the HPM team to roll out its program nationally by cross-selling its differentiated offerings to One80’s network.
The transaction follows a litany of acquisitions within the wholesale space for RSC and One80, and provides One80 with additional geography and access to a number of programs in verticals of strategic interest.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to HPM 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.