The Hilb Group Acquires New Agency Partners

Sica | Fletcher advises New Agency Partners in its sale to The Hilb Group.

Overview of Transaction

  • Established in 2004, New Agency Partners (NAP) is a retail insurance agency located in Parsippany, New Jersey. 

  • NAP serves over 2000 clients spread across commercial, personal, and group lines throughout the Tri-State area and is ranked as #12 best independent broker in the state, by NJ Biz.

  • New Agency Partners agreed to be acquired by The Hilb Group (THG), a top 30 National Insurance Broker.

 

Significance of Transaction

  • The NAP acquisition strengthens THG’s penetration of the Tri-State market and gives them a leader in group medical.

 

Sica | Fletcher's Role

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

  • The NAP transaction builds on Sica | Fletcher's track record of success across the Insurance space.

  • This transaction further illustrates Sica | Fletcher's strong relationship with top-tier investors, having previously worked with The Hilb Group on numerous deals.

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Contact Details

MICHAEL J. FLETCHER

Managing Partner

516.967.1958

mjf@sicafletcher.com

ALEXANDER W. SICA

Managing Partner

201.805.1561

al@sicafletcher.com

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