Choice Financial Group Acquires William R. Seide Agency
Sica | Fletcher advises William R. Seide Agency, LLC (“WRS”) in its sale to Choice Financial Group, LLC (“Choice”).

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Overview of Transaction

  • Founded in 2007 and headquartered in Riverdale, New Jersey, WRS is a specialty retail insurance agency specializing in the vape, tobacco, and CBD-related industries. The Company also has specialty expertise with homeowners’ associations and condominiums. 

  • Choice is a growing partner in the insurance agency and broker space, having recently partnered with Northlane Capital Partners (“NCP”), a leading lower middle-market private equity platform to enable growth.
     

 

Significance of Transaction

  • The acquisition of WRS offers Choice a high-growth specialty agency with strong niche expertise. 

  • The transaction will provide WRS with previously unattainable resources, support, and cross-selling opportunities which will foster strong growth for WRS as it integrates into the Choice agency partner network. 
     

Sica Fletcher's Role

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

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