Risk Strategies Acquires Joyce Insurance Group
Sica | Fletcher advises Joseph J. Joyce Associates, Inc. d.b.a. Joyce Insurance Group along with its sister companies Joyce, Jackman & Bell and Joyce, Hagerty, Bell (“Joyce”) in its sale to Risk Strategies (“RSC”).

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Overview of Transaction

  • Headquartered in Pittston, Pennsylvania, Joyce is a full service retail insurance agency with a mix of business in all segments.

  • The Company has specialty expertise relating to municipalities, schools, excavators, transit authority and public works-focused firms.

  • Joyce 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

  • The acquisition of Joyce enables RSC to substantially expand its retail operations in the Northeast with significant growth opportunities on day one.

  • The transaction will allow the Joyce team to enhance its current product offerings and leverage the technologies offered by RSC to improve efficiency.

Sica | Fletcher's Role 

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

  • The transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.

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