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”).
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.