Relation Insurance Services Acquires Hooper, Spuhler & Sturgeon Insurance Services
Sica | Fletcher advises Hooper, Spuhler & Sturgeon Insurance Services (“HSS”) in its sale to Relation Insurance Services (“Relation”).
Overview of Transaction
HSS is a Property & Casualty (“P&C”) focused retail insurance agency with a mix of business in all segments.
Located in Tulare, California and with a history dating back to 1922, HSS has expertise insuring the specialized needs of farm and ranch owners. Most of the Company’s customer base is located throughout Central California.
HSS agreed to partner with Relation, a top 40 National Insurance Broker headquartered in Walnut Creek, CA.
Significance of Transaction
The acquisition of HSS enables Relation expand its client base on the west coast and and leverage HSS’ expertise in farming and agriculture to serve a niche market segment.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to HSS and explored multiple options for the firm before partnering with Relation.
This transaction underscores Sica | Fletcher's unparalleled relationships with top-tier insurance companies and investors.