Acrisure Acquires Robert Moreno Insurance Services
Sica | Fletcher guides Robert Moreno Insurance Services in its sale to Acrisure.
Overview of Transaction
Established in 1978, Robert Moreno Insurance Services (RMIS) is a family-managed property and casualty (P&C) wholesale insurance brokerage firm and boutique general agency located in Yorba Linda, California, about 40 miles southeast of Downtown Los Angeles.
RMIS has over four decades of experience, and long term relationships with nearly 6,000 brokers across multiple product lines.
Acrisure is the industry’s fastest-growing insurance broker, delivering high-quality insurance and risk management services and solutions through its growing global network of Agency Partners.
Significance of Transaction
The acquisition of RMIS enables Acrisure to substantially expand its wholesale and general agency platform on the West Coast.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as strategic and financial advisor to RMIS. Through a collaborative approach, multiple options were explored for the firm culminating in a sale to Acrisure.
The RMIS transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.