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Sica | Fletcher advises Oak Ridge Surety Agency, Inc. (ORS) in its sale to The Hilb Group (Hilb)

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Overview of Transaction

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  • Founded in 2013, ORS is a construction surety bond specialist. The Company provides customized surety solutions for mid-size construction clients in the public, private and government sectors.

  • The Company has decades of experience in the sale and servicing of bonds for contractors, encompassing a wide range of construction needs.

  • ORS has joined forces with The Hilb Group, one of the fastest-growing top 100 Independent Property/Casualty Agencies.

Significance of Transaction

  • The acquisition of ORS provides the Hilb group with a team of experienced specialist in a market segment ripe for growth. The acquisition will allow Hilb to bolster its surety practice with a strong team of highly-motivated experts.

  • The transaction will allow the ORS team to maintain the strength of their local connections, while enhancing the resources and offerings they can provide to clients now and in the future. It will also provide ORS with access to Hilb’s national partner network, offering many additional cross-selling opportunities.

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to ORS and explored multiple options for the firm before partnering with Hilb.

  • This transaction further elucidates Sica | Fletcher’s unparalleled relationships with private equity firms and the brokerages they support. 

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