Sica | Fletcher advises Brady Risk Management, Inc. (Brady) in its sale to Hub International Ltd. (Hub).
Overview of Transaction
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Founded in 1995 by Sean Brady, Sr., Brady is a national, award-winning industry leader specializing in workers’ compensation and risk management for a multitude of industries and entities.
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The company, headquartered in Huntington, New York, offers both traditional retail P&C insurance products to insureds and numerous specialty wholesale programs for brokers. Brady serves several key industry segments, including restaurant and hospitality.
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Brady agreed to partner with Hub, a top 20 National Insurance Broker headquartered in Chicago, Illinois.
Significance of Transaction
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The acquisition of Brady provides Hub with a highly respected agency partner with a strong network that will offer the opportunity for Hub to further expand its existing footprint in the Northeast.
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The transaction will provide Brady with best-in-class resources and support, ultimately positioning the agency for continued growth in the coming years.
Sica | Fletcher's Role
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Sica | Fletcher was hired to serve as the exclusive strategic and financial advisor to Brady and explored multiple options for the firm.
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The transaction highlights Sica | Fletcher's track record of success with complex transactions and strong relationships with the most prolific acquirers in the space.