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 Sica | Fletcher advises The Insurance Center of North Jersey, Inc. (ICNJ) in its sale to Risk Strategies (RSC).


Overview of Transaction


  • Originally founded in 1927 as the Graffin Agency, the Company became known as ICNJ in 1984 when current President, Steve Radespiel, joined his father at the Company.

  • A leading provider of business, professional, and personal insurance coverages for clients across New Jersey, New York, Connecticut, and Pennsylvania, ICNJ brings expertise in helping professionals in law, healthcare and dentistry tailor effective liability risk coverage.

  • ICNJ agreed to partner with Risk Strategies, a top 20 National Insurance Broker headquartered in Boston, MA.

Significance of Transaction

  • The acquisition of ICNJ provides RSC with a high-growth agency partner that will offer the opportunity for RSC to further expand its existing footprint. ICNJ’s strong local presence will be complemented by Risk Strategies' national network, providing clients with a wider range of insurance options and enhanced risk management solutions.

  • The transaction will provide ICNJ with best-in-class resources and support in numerous functions, ultimately positioning the agency for continued growth in the coming years.

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to ICNJ and explored multiple options for the firm before ICNJ decided to partner with Risk Strategies.

  • The transaction underscores Sica | Fletcher's track record of success assisting boutique firms and its strong relationships with the most prolific acquirers in the space.

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