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Brokerage M&A business almost unchanged during the first quarter: Optis



The number of broker mergers and acquisitions during the first quarter of 2019 increased by just one to 151 over the figure in the first quarter of 2018, Optis Partners LLC stated in a report Thursday.

The bargain volume for the past 12 months including the first quarter also increased by just one to 632, a record over the full year 2018.

Fort Washington, Pennsylvania-based Patriot Growth Insurance Services LLC led all buyers with 18 transactions for the quarter, followed by of Caledonia, Michigan-based Acrisure LLC with 16, Chicago-based Hub International Ltd. with 12, and Arthur J. Gallagher & Co. and Columbus, Ohio-based BroadStreet Partners Inc., each with 10.

Acrisure led the list of acquirers with 20 or more deals over the past 1

2 months by 88, followed by Hub with 58 and Gallagher with 40 showed the report's details .

However, the report warned to draw some conclusions about M&A activities. [19659002] "Individual quarterly data may fluctuate dramatically from one period to another and are not necessarily indicative of the overall level of activity of M & A," says Optis.

Hybrid buyers with private capital accounted for more than 67% of the total Transactions over the past twelve months

The PE hybrid group has increased from about 20% of total M&A activity in 2008 to about 67% in 2019, the report says.

"Not all other buyers types saw reductions in the number of transactions completed, but the significant increases in PE / Hybrid buyers as of 2012, when all others remain reasonably stable, Optis says.

Significant 2019 broker transactions included the acquisition of Bouchard Insurance by Marsh & McLennan Agency LLC in January and the acquisition of US Risk Insurance Group LLC by USI Insurance Services LLC, which is scheduled to be completed in the second quarter.

                    


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