The 22 acquirers that make up the Sica Fletcher Index had been concerned in 242 agent-broker offers within the first six months of 2024, totaling $635 million in income.
That could be a 45% drop in income from what was acquired throughout the identical interval a yr in the past, stated Sica Fletcher, an insurance coverage industry-focused advisory agency. Deal quantity was down from 260 acquisitions accomplished within the first half of 2023.
“Traders proceed to be extra selective when evaluating acquisition alternatives, with many well-funded consumers available in the market nonetheless aware of the excessive price of capital,” the agency stated in its Q2 2024 Agency & Broker Buyer Index. Sica Fletcher stated the index accounts for 70% of deal exercise within the agent-broker area in the course of the first half of the yr.
Because it did within the first quarter, BroadStreet Companions led the SF index throughout H1 2024 with 46 offers. Hub Worldwide and Inszone Insurance coverage had been subsequent with 27 and 24 offers, respectively.
Sica Fletcher stated non-public equity-backed consumers accounted for 87% of M&A transactions as of the tip of June however “the rate of interest setting and strategic acquisitions are inflicting a slight slowdown for a couple of platforms.”
Matters
Trends
Mergers & Acquisitions
Agencies
Was this text worthwhile?
Listed here are extra articles you could get pleasure from.
Considering Companies?
Get computerized alerts for this subject.
