Today: October 22, 2018, 11:31 am
  
Finance

Insurance Agency Mergers and Acquisitions Through Nine Months of 2018

PR-Inside.com: 2018-10-11 17:35:34
CHICAGO, IL / ACCESSWIRE / October 11, 2018 / There were 463 announced insurance agency mergers and acquisitions during the first three quarters of the year, according to OPTIS Partners' M&A database. It was the second-highest nine-month total, trailing only 2017 when 466 transactions were reported.The data covers U.S. and Canadian agencies selling primarily property-and-casualty insurance, agencies selling both P&C and employee benefits, and those selling only employee benefits.There were 174 deals reported in the third quarter of 2018, the highest third-quarter total. It trailed only the first quarter of 2018 when 186 transactions were reported. "The impressive level of M&A activity seen during the quarter and throughout 2018 is a continuation of what we've seen over the last several years," said Daniel P. Menzer of OPTIS Partners, an investment banking and financial consulting firm specializing in the insuranceindustry. "Buyers, in particular, the Private Equity/Privately Funded group, continue to aggressively pursue agency owners and are driving valuation multiples to unprecedented levels across the board." The OPTIS Partners report breaks down buyers into four groups: private equity-backed/hybrid brokers, privately held brokers, publicly held brokers, and all others. For the nine-month period, Acrisure led all buyers with 70 transactions, followed by Hub International Limited (47), AssuredPartners (30) and Arthur J. Gallagher and Broadstreet Partners (23 each). For the quarter, Acrisure led all other buyers with 29 transactions, followed by Hub International Limited (14) and Assured Partners (11) PE/hybrid buyers continue to lead all buyer groups with more than 65 percent of the total transactions for the quarter (114 in Q3-2018 vs. 88 in Q3-2017) and nearly two-thirds of the transactions through the first nine months of the year (311 in total). Acquisitions by privately owned agencies were the next most active group but were down from last year (89 in 2018 vs. 111 through nine months of 2017). Sales of P&C agencies continue to dominate the landscape of sellers with 250 announced transactions, followed by employee benefits agencies (114 sales), P&C/benefits brokers (56 deals), and all others (43 transactions)."Since we're only capturing information on publicized transactions and activities of the most active buyers, not all transactions are included in our totals. The actual number of agency sales is certainly much higher than what we’re showing" said Timothy J. Cunningham, managing partner with OPTIS Partners. "In spite of this, we believe the agency M&A activity shown in this report is a meaningful barometer of the overall M&A marketplace."The full report can be read at optisins.com/wp/2018/07/june-2018-ma-report/. Graphic: Agency acquisitions by yearOPTIS Partners was ranked in the top five most active agent-broker M&A advisory firms for 2014 - 2018 by SNL Financial.Focused exclusively on the insurance-distribution marketplace, Chicago-based OPTIS Partners (www.optisins.com) offers merger & acquisition representation for buyers and sellers, including due-diligence reviews. It provides appraisals of fair market value; financial performance review, including trend analysis and internal controls; and ownership transition and perpetuation planning. #insuranceindustry #M&AContact:Tim Cunningham, OPTIS Partners, cunningham@optisins.com, 312-235-0081 Dan Menzer, OPTIS Partners, menzer@optisins.com, 630-520-0490Henry Stimpson, Stimpson Communications, 508-647-0705 Henry@StimpsonCommunications.comSOURCE: OPTIS Partners
Press Information


Published by
Fred Gautreau
14037173898
e-mail
www.fscwire.com



# 523 Words
Related Articles
More From The Author
(10/11/2018) Stans Energy Files Material Change Reports
FSCwire / Press Release The following press release was disseminated by FSCwire for Stans Energy Corp. --- --- --- --- [..]
Bannersnack - Innovation In Collaborative Banner Design
NEW YORK, NY / ACCESSWIRE / October 11, 2018 / Ten years ago, the original banner maker made its appearance [..]
EBD Group: BIO-Europe(R) 2018 to Bring 4,000 [..]
CARLSBAD, CA and COPENHAGEN, DENMARK / ACCESSWIRE / October 11, 2018 / How does big pharma expand pipeline opportunities? What [..]
Newater Technology, Inc. Announces the Results of [..]
YANTAI, CHINA / ACCESSWIRE / October 11 , 2018 / Newater Technology, Inc. (NASDAQ: NEWA) ("NEWA", "we", "our" [..]
(10/11/2018) GreenBank Appoints Alex Wettreich to the [..]
FSCwire / Press Release The following press release was disseminated by FSCwire for GreenBank Capital Inc. --- --- --- --- [..]
 
More From Finance
Eximchain Launches First-of-Kind Platform Bringing the [..]
Eximchain launching mainnet on 5th October, 09:00 (EST) Boston, MA, and Singapore, Oct 4, 2018 - (ACN Newswire) - Eximchain, [..]
JCB and Nowcast to Release Updated Big [..]
TOKYO, Oct 2, 2018 - (ACN Newswire) - JCB, the only international payment brand based in Japan, and Nowcast, a [..]
Innovative Crowdsourcing Platform Das33 Now Open for [..]
Das33 Provides A More Secure Alternative to Existing ICOs LONDON, Oct 1, 2018 - (Media OutReach) - Das33, a revolutionary [..]
Greenstorc Launches on Das33's Groundbreaking Platform
Disruptive heat-to-power company is first ever company to debut on Das33 LONDON, Sept 27, 2018 - (Media OutReach) - Greenstorc [..]
Sberbank starts accepting JCB Cards
Moscow and Tokyo, Sept 27, 2018 - (ACN Newswire) - Sberbank, the largest bank in Russia, and JCB International Co., [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.