The Hilb Group Acquires Rampart Brokerage Corp. & Subsidiaries
Sica | Fletcher advises Rampart Brokerage Corp. & Subsidiaries in its sale to The Hilb Group.
Overview of Transaction
-
Headquartered in Lake Success, NY, with nearly 200 employees and a 55-year history of serving clients in the New York Tri-State area and across the United States, Rampart Brokerage Corp. & Subsidiaries (Rampart) is a leading broker for upper middle-market commercial lines, high net worth personal lines, individual life, and group benefits.
-
Rampart ranked 60th in Business Insurance’s Top 100 U.S. Brokers of 2019.
-
Rampart agreed to partner with The Hilb Group (Hilb), one of the fastest-growing top 100 Independent Property/Casualty Agencies.
Significance of Transaction
-
The acquisition of Rampart marks Hilb’s 100th acquisition and its largest acquisition to date.
-
The transaction represents significant strategic expansion by the Hilb Group, adding nearly 200 insurance professionals to Hilb’s already substantial geographic footprint.
-
The acquisition of Rampart will allow Hilb to increase market penetration in the New York Tri-State area and provide the opportunity for Hilb to enhance its offerings.
Sica | Fletcher's Role
-
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Rampart and explored multiple options for the firm before partnering with Hilb.
-
The Rampart transaction builds on Sica | Fletcher's track record of success with large, complex clients and further elucidates Sica | Fletcher's strong relationship with top-tier investors.