Sica | Fletcher advises Gavnat and Associates in its investment led by GCP Capital Partners.

Overview of Transaction

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• Founded in 2007, Gavnat is a leading public adjusting firm headquartered in Eden Prairie, Minnesota. Gavnat represents business and property owners in connection with their property insurance claims related to hail, fire, storm, and other damages. Gavnat is led by founder Jim Pierce, who will continue as CEO of the business.

• GCP was formed in 2009 as the successor to Greenhill Capital Partners. GCP is a middle market private equity firm that has invested approximately $1.5 billion in approximately 65 portfolio companies, primarily focused in financial services, technology, and tech-enabled business services.

 

Significance of Transaction

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• The investment made in Gavnat will provide additional expertise and capital to continue the Company’s expansion both geographically and through strategic acquisitions.

• GCP has made multiple investments in the insurance services space and is excited to help Gavnat grow with its experience in building business in this industry.

 

Sica | Fletcher's Role

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• Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Gavnat and explored multiple options for the firm.

• This transaction further demonstrates Sica | Fletcher's track record of success and strong relationships with the key decision-makers and leaders in the insurance services industry.