Overview of Transaction

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• Founded and family owned since 1925, Lykes Insurance is one of Florida’s oldest full service insurance agencies serving clients worldwide.

• Lykes Insurance provides commercial risk insurance, private risk insurance, employee benefits and surety bonds.

• Lykes agreed to be acquired by Baldwin Risk Partners, ranked the 3rd fastest growing broker by Business Insurance.

 

Significance of Transaction

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• The Lykes Insurance acquisition bolsters and expands BRP’s presence in the Florida marketplace.

• Creates long-term synergies due to shared culture, unique client focus, and one of the most seasoned Executive Leadership Teams in the industry.

• Brought two of Tampa’s most prominent families together to join forces and scale in the insurance business.

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Sica | Fletcher's Role

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• Lykes Insurance engaged Sica | Fletcher to explore multiple strategic options for the firm.

• The Lykes Insurance transaction builds on Sica | Fletcher's track record of success across the Commercial and Personal lines space.

• This transaction further highlights our strong relationships with top-tier investors, with BRP ranked as the 3rd fastest growing broker.