Acrisure Acquires O'Brien Insurance Agency
Sica | Fletcher advises Joseph P. O’Brien Insurance Agency (“O’Brien”) in its sale to
Acrisure, LLC (“Acrisure”).
Overview of Transaction
Headquartered in Huntington, New York, O’Brien is a family-owned retail P&C brokerage founded in 1957. O’Brien is a generalist with some specialty in contractors, small business owners and high-net-worth individuals.
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
O’Brien’s decision to partner with Acrisure enables the firm to reposition the business with a market-leading partner and accelerate expansion.
The transaction provides Acrisure a highly experienced producer with 30 years of experience in the New York metro region.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as strategic and financial advisor to O’Brien. After exploring a variety of options, O’Brien chose to partner with Acrisure.
The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its unrivaled access to the most prolific acquirers in the space.