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Sica | Fletcher advises Griffith Insurance, LLP in its sale to Accession Risk Management Group.

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Overview of Transaction

  • Founded in 1988, Griffith is a full-service retail insurance agency headquartered in West Chester, PA.

  • 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.

  • Griffith agreed to partner with Accession, a top 20 National Insurance Broker headquartered in Boston, MA.

 

Significance of Transaction

  • 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.

  • 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

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

  • 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.

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