Overview of Transaction

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• The Powderhorn Agency (“Powderhorn”), founded in 1999, is a specialist MGA with expertise in residential oil tank programs, headquartered in Brookfield, Connecticut.

• Powderhorn offers a variety of comprehensive, residential solutions, with its heating system program the largest in the United States.

• Powderhorn agreed to be acquired by Assured Partners, one of the largest and fastest growing independent brokers in the nation.

 

Significance of Transaction

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• Acquiring Powderhorn gives Assured Partners a powerful suite of residential program offerings, broadening the scope of their innovative solutions.

• This deal gives Assured Partners a strategic competitive advantage, bringing in a best-in-class, specialist MGA into its network. 

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Sica | Fletcher's Role

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

• The Powderhorn deal adds to Sica | Fletcher's history of success working with innovative MGA Brokers.

• Sica | Fletcher leveraged its deep knowledge, extensive experience and broad industry relationships to help achieve a highly favorable outcome for the company.