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All Content Copyright 2020 - Sica | Fletcher LLC | 21 Green Avenue | Amityville, NY 11701

Risk Strategies Company Acquires Weaver Bros. Insurance

Sica | Fletcher advises Weaver Bros. Insurance in its sale to Risk Strategies Company.

Overview of Transaction

  • With roots dating back to 1888, Weaver Bros. Insurance, Inc. (“Weaver”, or “WBIA”) is a retail insurance agency located in Bethesda, Maryland.

  • One of the Baltimore-Washington area's largest independent insurance brokerages, WBIA is P&C focused has been an integral part of the Washington business community for over one hundred years.

  • Weaver Bros. chose to partner with Risk Strategies Company (RSC), a top 10 national insurance broker.

 

Significance of Transaction

  • By acquiring WBIA, a well-respected, longtime fixture in the region, RSC strengthens its foothold in the Northeast.

  • RSC’s broad retail base will provide Weaver Bros. with significant growth opportunities immediately.  

  • Weaver’s leadership team will remain with Risk Strategies, enabling clients and referral channels to benefit from a highly experienced human capital base.  

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as an exclusive strategic and financial advisor to WBIA and explored several strategic scenarios for the firm, leading in the sale to Risk Strategies Company.

  • The Weaver Bros. transaction highlights Sica | Fletcher’s status as the leading advisor in the P&C insurance space.

  • This transaction further illustrates Sica | Fletcher's strong relationship with top-tier investors, having previously worked with the RSC on numerous deals.