Overview of Transaction

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• Delmarva Surety is a specialty broker specializing in the contract surety industry.

• Established in 1995 by Thomas Whipple, Delmarva Surety operates from its headquarters in Hunt Valley, MD.

• While primarily focused in the contract surety industry, Delmarva has developed complementary products in associated areas, including commercial lines and personal lines.

• Delmarva Surety agreed to be acquired by Risk Strategies Companies, a top 20 National Insurance Broker

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Significance of Transaction

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• Delmarva Surety has been an integral part of the contract surety industry in Maryland for decades.

• Their current leadership team in combination with Risk Strategies Company will continue to provide high quality products in the construction industry.

• The Delmarva Surety acquisition allows Risk Strategies Company to continue expansion in the Mid-Atlantic surety market and continue to complement Delmarva’s growing P&C side.

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Sica | Fletcher's Role

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• Sica | Fletcher served as exclusive strategic and financial advisor to Delmarva Surety. 

• Delmarva engaged Sica | Fletcher to explore multiple strategic options for the firm.

• The Delmarva Surety transaction demonstrates Sica | Fletcher’s continued success advising surety retail brokers.