Acrisure Acquires United Labor Benefits
Sica | Fletcher advises United Labor Benefits in its sale to Acrisure.
Overview of Transaction
Located in East Rutherford, New Jersey, United Labor Benefits (ULB) specializes in serving the employee benefits needs of unions utilizing their expertise, the power of collective bargaining and exceptional carrier relationships to customize programs and to ensure that mandatory compliance is achieved.
ULB agreed to partner with Acrisure, a fast-growing, profitable, top-10-largest insurance distribution platform.
Significance of Transaction
The acquisition of ULB allows Acrisure to grow its expansive network of agency partners within a new market niche.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to ULB.
The ULB transaction builds on Sica | Fletcher's track record of success and further advances Sica | Fletcher's strong relationship with top-tier investors.