Sica | Fletcher advises Athens Insurance Center, Inc. and AIC Insuring America, LLC in its sale to Oakbridge Insurance.

Overview of Transaction

​

• Athens Insurance Center, Inc. and AIC Insuring America, LLC (InsuringAmerica) is a retail Property & Casualty insurance agency headquartered in Athens, Georgia, with a second office in Greensboro, Georgia.

• Initially established in 1973 by Lois Kemper, InsuringAmerica delivers comprehensive personal and commercial lines coverages to over 1,700 clients, with a niche focus on tow operators and various contractors.

• InsuringAmerica agreed to partner with Oakbridge, a top 100 National Insurance Broker headquartered in Atlanta, GA.

 

Significance of Transaction

​

• The acquisition of InsuringAmerica will provide Oakbridge with a stronger geographic presence in Georgia. The acquisition will help expand Oakbridge’s Property & Casualty practice.

• The transaction will provide InsuringAmerica with substantial support and meaningful resources that will allow the agency to achieve rapid growth in the coming years.

 

Sica | Fletcher's Role

​

• Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to InsuringAmerica and explored multiple options for the firm.

• The transaction demonstrates the quality of Sica | Fletcher's relationships with the most active acquirers in the space as well as its disciplined M&A process.