Sica | Fletcher advises Schlather Insurance Associates, Inc. in its sale to Choice Financial Group, LLC

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Overview of Transaction

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  • Located in Elyria, Ohio, Schlather is a retail agency founded in 1943.

  • Schlather is a personal lines-focused generalist with a long history serving clients throughout northern Ohio. From a commercial perspective, the agency specializes in real estate and construction.

  • Schlather decided to partner with Choice Financial Group. Choice is a rapidly-growing firm in the insurance agency and broker space, having recently partnered with Northlane Capital Partners (“NCP”), a leading private equity platform, to enable growth.

Significance of Transaction

  • The acquisition of Schlather offers Choice a strong agency partner with strong expertise and significant ties to the local community.

  • The resources and support provided by Choice will rapidly enhance Schlather’s growth and allow the Company to reach new heights.

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as strategic and financial advisor to Schlather.

  • The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its relationships with growing acquirers in the space.

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