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Sica | Fletcher advises Prince Associates, Inc. (“Prince”) in its sale to Risk Strategies (“RSC”).

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Overview of Transaction

  • Founded in 1964, Prince is a retail all-lines agency located in Hicksville, New York.

  • The Company provides a wide range of business and personal insurance to individuals and companies in 41 states, with the majority of customers located in New York and New Jersey.

  • Prince is commercial lines-focused, with expertise in the construction, technology, manufacturing, habitational and food processing industries. The Company also offers specialty programs for wholesale operations, workers’ compensation safety groups and animal welfare organizations.  

  • Prince agreed to partner with RSC, a top 20 National Insurance Broker headquartered in Boston, MA and one of Inc. Magazine’s 5000 Fastest-Growing Private Companies in America.

Significance of Transaction

  • The transaction provides RSC with an additional New York-based agency partner with strong expertise surrounding the New York P&C market. The acquisition will further expand RSC’s reach within the state, adding to a long list of acquisitions the Company has made in New York/on Long Island. 

  • The acquisition will provide the Prince team with robust support that will enhance the Company’s existing operations. The partnership will provide Prince with significant cross-selling opportunities, as well as access to key markets. 

Sica | Fletcher's Role

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

  • This transaction highlights Sica | Fletcher's unparalleled relationships with top-tier investors in the insurance sector.

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