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Brokerage M&A offers top 1,000



1,034 mergers and acquisitions were made among insurance agents and brokers in 2021, an increase of 30% compared to 2020, according to Optis Partners LLC.

"If 2020 was a boom year for mergers and acquisitions, 2021 was a virtual explosion," said Steve Germundson. partners at Optis Partners, in a statement.

During the fourth quarter, 384 M&A deals involving U.S. and Canadian brokers and agents were announced, an increase of 26% over the same period in 2020 and a 32% increase during the third quarter. [19659005] ”The fourth quarter's rush to close deals at the end of the year clearly burdened the sellers' business team, legal advice and suppliers of due dil igence. "We expect a bit of a break in the first quarter before the cycle picks up again," said Germundson.

Grand Rapids, Michigan-based Acrisure LLC was once again the most active buyer, with 1

22 transactions in 2021, but for the first time in several years Another buyer, Woodlands Hills, California-based PCF Insurance Services LLC, came close with 99 completed transactions. Chicago-based Hub International Ltd. was the third most active buyer with 61 acquisitions, followed by Traverse City, Michigan-based High Street Insurance Partners Inc. with 56 and Lake Mary, Florida-based AssuredPartners Inc. with 51.

Private stock-supported buyers and buyers with significant external financial support again dominated brokerage M&A 2021 and accounted for 76% of total transactions.


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