Sica | Fletcher advises HollandStivers Employer Solutions, LLC (HollandStivers) in its sale to Risk Strategies.
Overview of Transaction
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Located in Paducah, KY, HollandStivers was originally founded in 1994.
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HollandStivers is a highly respected employee benefits firm, offering expertise in group medical, individual medical, group life and dental. HollandStivers also offers clients payroll administration and other HR services.
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HollandStivers agreed to partner with Risk Strategies, a top 20 National Insurance Broker headquartered in Boston, MA.
Significance of Transaction
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The acquisition of HollandStivers marks the first acquisition by RSC in Kentucky. HollandStivers has built a strong reputation over the years for delivering innovative solutions to its clients, and RSC is now able to able to leverage this expertise and bolster its employee benefits capabilities.
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The transaction will provide HollandStivers 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 HollandStivers and explored multiple options for the firm before partnering with Risk Strategies.
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The transaction elucidates Sica | Fletcher's track record of success with complex transactions and strong relationships with the key decision-makers of the most prolific acquirers in the space.