Risk Strategies Company Acquires The Marcus Agency
Sica | Fletcher advises The Marcus Agency, Inc. in its sale to Risk Strategies Company.
Overview of Transaction
Originally established in 1960, The Marcus Agency, Inc. (“Marcus”) is a national life wholesaler with offices in Boston, MA, and Philadelphia, PA.
The company specializes in the “impaired risk” life insurance market, serving customers with cardiac, diabetes, and other medical issues.
Marcus agreed to partner with Risk Strategies Company (“RSC”), a top 20 National Insurance Broker headquartered in Boston, MA.
Significance of Transaction
The acquisition of Marcus enables RSC to substantially expand its wholesale operations on the East Coast with significant growth opportunities on day one.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Marcus and explored multiple options for the firm before partnering with RSC.
The Marcus transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.