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Sica | Fletcher advises Lighthouse Insurance Agency in its sale to World Insurance Associates LLC.

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Overview of Transaction

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  • Lighthouse Insurance Agency, LLC is a retail property and casualty insurance agency headquartered in Madisonville, Louisiana, approximately 45 minutes north of New Orleans.

  • Founded in 2018, Lighthouse serves hundreds of clients in Louisiana and across the country, and is primarily focused on main street coverages for businesses, individuals, and families.

  • Lighthouse provides all types of insurance, from homeowners' and auto insurance to restaurants, doctors' offices, engineers, contractors, condominium associations, strip centers, and more.

  • Lighthouse agreed to partner with World Insurance Associates. World has completed more than 250 acquisitions since 2011 and is ranked #28 on the 100 Largest Brokers of U.S. Business list by Business Insurance.

 

Significance of Transaction

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  • The acquisition of Lighthouse increases World’s presence in Louisiana and provides an exceptional team that specializes in crafting creative, specific, and needs-based insurance solutions for clients.

  • Lighthouse gains the ability to offer additional products and services to customers and the support of a strong partner in World.

 

Sica | Fletcher's Role

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  • Sica | Fletcher served as exclusive strategic and financial advisor to Lighthouse and explored multiple options for the firm before deciding to partner with World.

  • The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its relationships with growing acquirers in the space.

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