Patriot Growth Insurance Services Acquires Bagatta Associates
Sica | Fletcher guides New York-based Bagatta Associates in its sale to Patriot Growth Insurance Services.
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Overview of Transaction
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Founded in 1975, Bagatta Associates (Bagatta) is a full-service commercial and personal lines insurance agency based out of Smithtown Long Island, New York.
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For over forty years, Bagatta has served a range of individuals and businesses; the firm boasts expertise in the real estate, construction, fuel oil, wholesale/manufacturer/distributor, automotive and pharmaceutical industries.
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Bagatta Associates chose to partner with Patriot Growth Insurance Services. With 21 offices in 7 states, Patriot is a top-60 U.S. privately held insurance agency.
Significance of Transaction
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The Bagatta transaction broadens Patriot's reach in the New England and East Coast markets while strengthening its benefits offerings.
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The partnership with Bagatta significantly bolsters Patriot’s existing property and casualty insurance capabilities and supports the platform’s continued expansion into the greater New York City marketplace.
Sica | Fletcher's Role
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Sica | Fletcher served as exclusive strategic and financial advisor to Bagatta Associates and explored multiple options for the firm.
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This transaction highlights Sica | Fletcher’s deep domain expertise in the insurance space, and strong relationship with top-tier investors.
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