Sica | Fletcher Maintains #1 Spot as Leading Advisor while Q2 Index Reveals 74% Increase in M&A Activity
Sica | Fletcher continues its 2021 momentum as #1 financial advisor YTD and releases the Q2 2022 Agency & Broker Buyer Index, which details a 74% increase in acquisitions compared to Q1 2022.
The Sica | Fletcher Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. It uses self-reported data provided by 17 of the industry's most prolific agent and broker acquirers to track deal activity. These 17 agent and broker acquirers accounted for 66.5% of all deal activity in the first half of 2022: 284 of a total of 427 announced transactions.
According to the report, SF Index members have acquired 176 Agents/Brokers in Q2 2022, 33% more than in Q1 2022. On a year-to-year basis, deal volume is up 17% through June 2022 compared to the same period in 2021. PCF Insurance Services is acquiring at a historic rate, with 54 deals so far. They are followed closely by Acrisure, Hub International, and High Street Insurance Partners.
"After a slow start to the year with many agents and brokers focused on integration, the insurance brokerage M&A market has rebounded, with acquisition numbers for this quarter coming in well ahead of usual pace," says Managing Partner Mike Fletcher.
The report, which is published quarterly, reflects the increasing dominance of private equity-backed firms in insurance brokerage M&A. About 91% of SF Index transactions were executed by private equity-backed firms through YTD June 2022, a trend that has increased year-over-year since 2017.
The S&P Global Market Intelligence League Tables show that through June 2022 Sica | Fletcher LLC leads the industry in terms of deal volume, with 44 insurance M&A deals so far in 2022. This is over double the amount of deals as the closest advisor. Sica | Fletcher has led the insurance industry in deal volume for the past nine years. See the YTD June 2022 S&P Global League Table here.
For more details, download the Q2 2022 Sica | Fletcher Agency & Broker Buyer Index here.
About Sica | Fletcher: Sica | Fletcher is a strategic and financial advisory firm focused exclusively on the insurance industry. Founders Michael Fletcher and Al Sica are two of the industry's leading dealmakers who have advised on over $11,000,000,000 ($11 billion) in insurance agency and brokerage transactions since 2014. According to S&P Global, Sica | Fletcher ranked as the #1 advisor to the insurance industry for 2017-2022 in terms of total deals advised on. Learn more at SicaFletcher.com.
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