Assured Partners Acquires Powderhorn Agency

Sica | Fletcher guides New England-based Powderhorn Agency in its sale to Assured Partners.

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Overview of Transaction

  • 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

  • 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. 

Sica | Fletcher's Role

  • 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.