Overview of Transaction

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• Founded in 2007 and headquartered in Riverdale, New Jersey, WRS is a specialty retail insurance agency specializing in the vape, tobacco, and CBD-related industries. The Company also has specialty expertise with homeowners’ associations and condominiums. 

• Choice is a growing partner in the insurance agency and broker space, having recently partnered with Northlane Capital Partners (“NCP”), a leading lower middle-market private equity platform to enable growth.
   

 

Significance of Transaction

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• The acquisition of WRS offers Choice a high-growth specialty agency with strong niche expertise. 

• The transaction will provide WRS with previously unattainable resources, support, and cross-selling opportunities which will foster strong growth for WRS as it integrates into the Choice agency partner network. 
   

Sica Fletcher's Role

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

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