Sica | Fletcher advises Griffith Insurance, LLP in its sale to Accession Risk Management Group.
Overview of Transaction
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Founded in 1988, Griffith is a full-service retail insurance agency headquartered in West Chester, PA.
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The Company is owned and operated by Tom Griffith. After graduating college, Tom joined forces with his father to found Griffith. Tom took over as agency principal in 2002.
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Griffith agreed to partner with Accession, a top 20 National Insurance Broker headquartered in Boston, MA.
Significance of Transaction
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The acquisition of Griffith will provide Accession with an additional stronghold in Southeastern PA. The acquisition will help expand Accession’s small personal and commercial lines practices.
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The transaction will provide Griffith with expansive resources and significant support to position the agency for rapid growth in the coming years.
Sica | Fletcher's Role
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Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Griffith and explored multiple options for the firm.
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The transaction elucidates Sica | Fletcher's track record of success and strong relationships with the key decision-makers of the most prolific acquirers in the space.