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Relation Insurance Services Acquires Hooper, Spuhler & Sturgeon Insurance Services
Sica | Fletcher advises Hooper, Spuhler & Sturgeon Insurance Services (“HSS”) in its sale to Relation Insurance Services (“Relation”).
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Overview of Transaction
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HSS is a Property & Casualty (“P&C”) focused retail insurance agency with a mix of business in all segments.
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Located in Tulare, California and with a history dating back to 1922, HSS has expertise insuring the specialized needs of farm and ranch owners. Most of the Company’s customer base is located throughout Central California.
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HSS agreed to partner with Relation, a top 40 National Insurance Broker headquartered in Walnut Creek, CA.
Significance of Transaction
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The acquisition of HSS enables Relation expand its client base on the west coast and and leverage HSS’ expertise in farming and agriculture to serve a niche market segment.
Sica | Fletcher's Role
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Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to HSS and explored multiple options for the firm before partnering with Relation.
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This transaction underscores Sica | Fletcher's unparalleled relationships with top-tier insurance companies and investors.
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