Overview of Transaction

​​

• Founded in 2015 by Michael Schwarz, Syms is a retail insurance agency headquartered in Lakewood, NJ. 

• Syms is commercial lines-focused, specializing in real estate with an emphasis on condominium/homeowners’ associations and real estate cooperatives. 

• Syms decided to partner with Choice Financial Group (Choice). Choice is a rapidly-growing firm in the insurance agency and broker space, having recently partnered with Northlane Capital Partners (NCP), a leading private equity platform, to enable growth.

​

Significance of Transaction​

​

• The acquisition of Syms offers Choice an expanded presence in New Jersey. Additionally, the partnership will provide Choice with a young, high-energy team with demonstrated expertise in the real estate industry. 

• The resources and support provided by Choice will accelerate Syms’ growth and allow the Company to target previously unattainable clients.

​

Sica | Fletcher's Role

​

• Sica | Fletcher was hired to serve as strategic and financial advisor to Syms.

• The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its relationships with growing acquirers in the space.