Agency M&A Breaking Records at Breakneck Speed.
| Date | 25 February 2019 |
| Author | Acunto, Steve |
Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, according to OPTIS Partners' annual report. OPTIS logged a record 626 deals in the United States and Canada in 2018, including 330 transactions in the second half of the year and 148 transactions during the fourth quarter.
There were 611 M&A deals in 2017, previously the most active year. The report covers firms selling primarily property-and-casualty insurance, both P&C and employee benefits, and employee benefits agencies. Private equity/hybrid buyers accounted for 424 transactions, representing 68 percent of the total, compared with 383 transactions and 63 percent in 2017.
The top five buyers were Acrisure (101 acquisitions), Hub International (59), Assured Partners...
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