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Sica | Fletcher advises Apex Brokerage Company, Inc. in its sale to Choice Financial Group, LLC.
![Apex Tombstone.png](https://static.wixstatic.com/media/183b46_707950cf192e415f8c427a4de382a56a~mv2.png/v1/fill/w_222,h_250,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/Apex%20Tombstone.png)
Overview of Transaction
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Located in Brooklyn, New York, Apex Brokerage Company, Inc. is a retail insurance agency founded by Anthony Calafiore in 1996.
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Apex primarily provides commercial lines coverage across a wide range of industries including contractors and commercial real estate. In addition, the company provides personal lines coverage for home and auto owners across the tri-state area.
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Apex decided to partner with Choice Financial Group. Choice is a rapidly-growing firm in the insurance agency and broker space, having partnered in 2021 with Northlane Capital Partners (NCP), a leading private equity platform, to enable growth.
Significance of Transaction
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The acquisition of Apex offers Choice an expanded presence in New York. Additionally, the partnership will provide Choice with a strong team of insurance experts.
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The resources and support provided by Choice will rapidly accelerate Apex’s growth and allow the company to target previously unattainable clients in the tri-state area.
Sica | Fletcher's Role
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Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Apex and explored multiple options for the firm.
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The transaction builds on Sica | Fletcher's track record of success as the #1 advisor in the insurance brokerage space.