Sica | Fletcher advises NorthStar Insurance Services, Inc. in its partnership with World Insurance Associates LLC.

Overview of Transaction

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• Based in Needham, Massachusetts, NorthStar is one of New England's largest insurance agencies, providing customized risk management and insurance solutions to approximately 10,000 customers.

• Founded in 1995, NorthStar provides personal and commercial products tailored to clients’ specific industry and risk profile. NorthStar is large-account-focused, and municipalities, construction, and real estate risks are among its specialty areas, along with a variety of general commercial industries.

• NorthStar agreed to partner with World, a Top 50 Insurance Brokerage headquartered in Iselin, NJ.

 

Significance of Transaction

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• The acquisition of NorthStar will provide World with additional industry expertise and a partner dedicated to superior service, excellence, and a local, hands-on approach.

• NorthStar has secured a partner with the same culture, goals, and values that enabled the Company to serve its clients well for almost three decades. The partnership will allow NorthStar to amplify its already substantial resources, expertise, and size to deliver tailored solutions.

 

Sica | Fletcher's Role

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

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