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Industry Transactions

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2024 Acquisition Details (YTD as of April 30, 2024)

Who’s Buying
Insurance Brokers – Independent	32
Insurance Brokers – Public	15
Insurance Brokers – Private Capital-Backed	142
Insurance Carrier and Other	6
Banks and Thrifts	2

What’s Being Bought
Full Service	46
P&C	116
Employee Benefits	35

Retail vs. Specialty
Retail	162
Specialty	35

All transactions listed are announced deals involving public companies, private equity backed brokers, private companies, banks, InsurTech companies (2017-2018 only) as well as others including private equity groups, underwriters, specialty lenders, etc. All targets are U.S. only. This data displays a snapshot at a particular point in time and has not been updated to reflect subsequent changes in prior years, if any. MarshBerry estimates that only 50 – 60% of all transactions are actually made public. Past performance is not necessarily indicative of future results. Data reported YTD as of 4/30/2024.

Source: S&P Global Market Intelligence, Insurance Journal, and other publicly available sources

Buyer

Deal Year

Location

Buyer Type

Seller Type

Seller Line of Business

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Announced Date	Deal Year	Buyer	Seller	Seller Location	Buyer Type	Seller Type	Seller Line of Business
12/01/18	2018	Dean & Draper Insurance Agency, LP	Bill Vawter & Company	TX	Independent Agency/Broker	Retail	Multi Line
12/01/18	2018	Dean & Draper Insurance Agency, LP	Painter Reichman & Co., Inc.	TX	Independent Agency/Broker	Retail	Multi Line
12/01/18	2018	Hilb Group LLC	Mackintire Insurance Agency, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/01/18	2018	Stahl & Associates Insurance, Inc.	Morse Insurance Agency, Inc.	FL	Independent Agency/Broker	Retail	Multi Line
11/27/18	2018	CalNonprofits Insurance Center, Inc.	Book of Business	CA	Independent Agency/Broker	Retail	P&C
11/27/18	2018	EPIC (Edgewood Partners Insurance Center)	Book of Business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/27/18	2018	Integrity Marketing Group LLC	Scott Riddle Agency, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/26/18	2018	Alera Group, Inc.	Loretz Insurance Llc.	NV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/26/18	2018	Arthur J. Gallagher & Co.	Buckman Mitchell Inc.	CA	Public Broker	Retail	Multi Line
11/26/18	2018	Arthur J. Gallagher & Co.	R.T. Beers & Company Insurance Services Inc.	CA	Public Broker	Retail	P&C
11/20/18	2018	Alera Group, Inc.	Orion Risk Management Insurance Services Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/20/18	2018	Arthur J. Gallagher & Co.	JP Tech Insurance Services Inc.	CA	Public Broker	Retail	P&C
11/15/18	2018	Alera Group, Inc.	Perspective Financial Group, LLC	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/14/18	2018	INSURICA Insurance Management Network	McNeil & Co. Inc.	TX	Independent Agency/Broker	Retail	P&C
11/12/18	2018	Brown & Brown, Inc.	Rodman Insurance Agency, Inc.	MA	Public Broker	Retail	P&C
11/08/18	2018	Alera Group, Inc.	Lively Insurance Brokerage Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/07/18	2018	AssuredPartners, Inc.	J.S. Clark Agency Inc.	MI	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/07/18	2018	DMS Insurance Holdings, LLC	Assets of ANBTX Insurance Services Inc.	TX	Independent Agency/Broker	Retail	P&C
11/06/18	2018	Hub International Limited	TAMRAC Group Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/06/18	2018	NFP Corp.	Fullerton Insurance Service, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/02/18	2018	Arthur J. Gallagher & Co.	John R. Sharry, Inc.	MA	Public Broker	Retail	EB & Consulting
11/01/18	2018	Acrisure, LLC	Brier Payne Meade Insurance Inc.	KS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/01/18	2018	Acrisure, LLC	Undisclosed insurance agency	MO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/01/18	2018	Acrisure, LLC	Undisclosed insurance agency	NV	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	Acrisure, LLC	Undisclosed insurance agency	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	Alera Group, Inc.	Crisp Insurance Advisors, LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/01/18	2018	Arch Capital Group Ltd.	McNeil & Co. Inc.	NY	Insurance Company	MGA	P&C
11/01/18	2018	Arthur J. Gallagher & Co.	Walsh Agency, Inc.	PA	Public Broker	Retail	P&C
11/01/18	2018	Ash Financial Holdings Group, Inc.	Target Insurance Services, Inc.	KS	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/18	2018	BroadStreet Partners, Inc.	Book of Business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	BroadStreet Partners, Inc.	Book of Business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	BroadStreet Partners, Inc.	Book of Business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	BroadStreet Partners, Inc.	Certain insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	BroadStreet Partners, Inc.	Certain insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	BroadStreet Partners, Inc.	Undisclosed insurance Agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	First Bucks, LLC	Superior Benefit Plans, LLC	PA	Independent Agency/Broker	Retail	EB & Consulting
11/01/18	2018	Foundation Risk Partners, Corp.	Undisclosed insurance Agency	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/01/18	2018	Hub International Limited	Insurance Management Associates, Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	Ladenburg Thalmann Financial Services Inc.	Certain assets of Four Seasons Financial, Group.	NJ	Independent Agency/Broker	Wholesale	EB & Consulting
11/01/18	2018	NFP Corp.	Annette Willis Insurance Agency, LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/18	2018	NFP Corp.	Benefit Administration Group, Inc.	LA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/18	2018	World Insurance Associates, LLC	Amato Insurance Agency, LLC	NJ	Independent Agency/Broker	Wholesale	Multi Line
10/31/18	2018	Acrisure, LLC	Eastern Insurors LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/31/18	2018	Hilb Group LLC	Aloisio Insurance Associates, Inc.	RI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/31/18	2018	Lee Equity Partners, LLC	McLarens, Inc.	GA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
10/30/18	2018	Horace Mann Educators Corporation	Benefits Consultants Group, Inc.	NJ	Independent Agency/Broker	MGA	EB & Consulting
10/30/18	2018	Leavitt Group Enterprises, Inc.	Cascade Insurance	WA	Independent Agency/Broker	Retail	P&C
10/30/18	2018	Reliance Global Group, Inc.	Commercial Solutions of Insurance Agency, LLC	NJ	Other Buyer	Retail	P&C
10/30/18	2018	Risk Strategies Company, LLC	Arkin Yougentbob Associates, LLC	MD	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/29/18	2018	Meadowbrook Insurance Group, Inc.	Carol P. Rummel Insurance Agency	FL	Insurance Company	Retail	P&C
10/25/18	2018	Ethos Media Network, Inc.	EBS Insurance Brokers, Inc.	MA	Other Buyer	Retail	EB & Consulting
10/25/18	2018	Ethos Media Network, Inc.	U.S. Benefits Alliance	MI	Other Buyer	Retail	EB & Consulting
10/25/18	2018	INSURICA Insurance Management Network	Commercial Insurance.NET LLC	OK	Independent Agency/Broker	Retail	P&C
10/24/18	2018	Cross Insurance	Provider Insurance Group	MA	Independent Agency/Broker	Retail	Multi Line
10/24/18	2018	Gemspring Capital, LLC	Fiesta Insurance Franchise Corporation	NV	Other Buyer	Retail	P&C
10/23/18	2018	Hilb Group LLC	Burns & Eustice Insurance Agency, Inc.	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/22/18	2018	Arthur J. Gallagher & Co.	Richter International Consulting LLC	WA	Public Broker	Retail	EB & Consulting
10/22/18	2018	Brown & Brown, Inc.	Hays Companies	MN	Public Broker	Retail	Multi Line
10/22/18	2018	Digital Insurance, Inc.	Assurance Benefits Group, LLC	SC	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/22/18	2018	NFP Corp.	Cambridge Consulting Group, LLC	MI	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/22/18	2018	USI Holdings Corporation	Beneficial Insurance Services LLC	PA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/19/18	2018	Private Investor - Bo Bittle	Armstrong-Hailer Insurance Company	AR	Other Buyer	Retail	Multi Line
10/18/18	2018	Digital Insurance, Inc.	Paradigm Group LLC	TN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/18/18	2018	Seeman Holtz Property and Casualty, Inc.	Redel Insurance Agency	MO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/16/18	2018	Arthur J. Gallagher & Co.	Tyler Insurance Agency	CA	Public Broker	Retail	P&C
10/16/18	2018	Hub International Limited	Jones Retirement	OK	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/15/18	2018	BroadStreet Partners, Inc.	Undisclosed insurance agency		Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/15/18	2018	Otterstedt Insurance Agency	Sasco Insurance Services, Inc.	NJ	Independent Agency/Broker	Retail	Multi Line
10/11/18	2018	American Financial Group, Inc.	ABA Insurance Services	OH	Insurance Company	MGA	P&C
10/11/18	2018	Arthur J. Gallagher & Co.	Wellington Associates, Inc.	MS	Public Broker	Retail	Multi Line
10/11/18	2018	EPIC (Edgewood Partners Insurance Center)	Total Management Corporation	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/09/18	2018	Seeman Holtz Property and Casualty, Inc.	Allstar Insurance	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/08/18	2018	Brown & Brown, Inc.	FNI Management Group	IL	Public Broker	Retail	P&C
10/08/18	2018	Kapnick & Company, Inc	A. E. Mourad Agency, Inc.	MI	Independent Agency/Broker	Retail	EB & Consulting
10/05/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/03/18	2018	Marsh & McLennan Companies, Inc.	Eustis Insurance &Benefits	LA	Public Broker	Retail	Multi Line
10/03/18	2018	Sharpline Insurance Brokerages, LLC	Genesis Asset Protection	PA	Independent Agency/Broker	Retail	Multi Line
10/02/18	2018	Alliant Insurance Services	Zande Group	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/02/18	2018	Sunstar Insurance Group, LLC	GIG of Missouri	MO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/02/18	2018	Worldwide Facilities, Inc.	Draco Insurance Solutions	MA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
10/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	OR	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	PA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/01/18	2018	Alera Group, Inc.	Distinctive Insurance	NV	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/01/18	2018	Alera Group, Inc.	GLB Insurance Group of Nevada	NV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/01/18	2018	Baldwin Risk Partners	S.S. Nesbitt & Company, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/01/18	2018	BroadStreet Partners, Inc.	Undisclosed Insurance Agency	MN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/01/18	2018	BroadStreet Partners, Inc.	Undisclosed Insurance Agency	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/01/18	2018	Hilb Group LLC	DBR Group, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/01/18	2018	Hub International Limited	New Gate Insurance Services	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/01/18	2018	J. Edwards Agency	The Johanson Agency	NY	Independent Agency/Broker	Retail	P&C
10/01/18	2018	Seeman Holtz Property and Casualty, Inc.	Spencer Insurance Agency LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/30/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/28/18	2018	AssuredPartners, Inc.	Regal Aviation Insurance	OR	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/27/18	2018	A W Welt Ambrisco Insurance	Fisher Insurance Agency	IA	Independent Agency/Broker	Retail	P&C
09/26/18	2018	Risk Strategies Company, LLC	Preferred Personal Insurance Agency, LLP	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/25/18	2018	Risk Strategies Company, LLC	Select Insurance Markets, LLP	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/24/18	2018	Skyward Specialty Insurance Group Inc.	Creative Risk Underwriters	GA	Insurance Company	MGA	P&C
09/21/18	2018	American International Group, Inc.	Glatfelter Insurance Group	PA	Insurance Company	MGA	P&C
09/21/18	2018	World Insurance Associates, LLC	Insure.net, LLC	CT	Independent Agency/Broker	Retail	P&C
09/20/18	2018	AssuredPartners, Inc.	Evolve Consulting Group Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/19/18	2018	Bankers Insurance, LLC	Inusurance agency assets		Independent Agency/Broker	Retail	P&C
09/18/18	2018	Brown & Brown, Inc.	Vandroff Insurance Agency, Inc.	FL	Public Broker	Retail	Multi Line
09/18/18	2018	Next Generation Holdings Ltd	Zodiac Insurance Services, Inc.	NJ	Independent Agency/Broker	MGA	P&C
09/18/18	2018	Worldwide Facilities, Inc.	McClelland and Hine Trucking Underwriters	TX	Independent Agency/Broker- Private Capital Backed	MGA	P&C
09/17/18	2018	AssuredPartners, Inc.	Employee Benefits Business		Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/17/18	2018	Kinney Pike Insurance Inc.	Parker Agency	VT	Independent Agency/Broker	Retail	P&C
09/14/18	2018	Arthur J. Gallagher & Co.	Rogers & Young Insurance Services, LLC	CA	Public Broker	Retail	P&C
09/13/18	2018	AssuredPartners, Inc.	Winding Way Holdings Inc.	PA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
09/13/18	2018	EPIC (Edgewood Partners Insurance Center)	Vanbridge LLC	NY	Independent Agency/Broker- Private Capital Backed	MGA	P&C
09/12/18	2018	Alera Group, Inc.	Burnham Benefit Advisors	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/10/18	2018	AssuredPartners, Inc.	Roemer Insurance, Inc.	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/10/18	2018	AssuredPartners, Inc.	Sunforest Transportation Insurance Group Inc.	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/10/18	2018	Digital Insurance, Inc.	TDC Virginia Benefits & Risk Management, Inc.	VA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/06/18	2018	Alliant Insurance Services	Harbor Group Consulting, LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/06/18	2018	Arthur J. Gallagher & Co.	United Dealer Services, L.L.C.	NY	Public Broker	MGA	P&C
09/06/18	2018	Digital Insurance, Inc.	Tomorrow's Employment Concepts, LLC	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/05/18	2018	AssuredPartners, Inc.	Ranew Insurance Agency, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/05/18	2018	Brown & Brown, Inc.	Finance & Insurance Resources, Inc.	MA	Public Broker	Retail	P&C
09/05/18	2018	Digital Insurance, Inc.	LMG International	VA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/05/18	2018	Hub International Limited	Harman Agency, LLC	ID	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/05/18	2018	NSI Insurance Group	Weinstein Insurance Services, LLC	FL	Independent Agency/Broker	Retail	P&C
09/04/18	2018	Arthur J. Gallagher & Co.	Wheatman Insurance Services LLC	CA	Public Broker	Retail	Multi Line
09/04/18	2018	Digital Insurance, Inc.	Marder Benefits, Inc.	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NV	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
09/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
09/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/01/18	2018	Alera Group, Inc.	Assets of VantagePoint	PA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
09/01/18	2018	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/01/18	2018	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
09/01/18	2018	Brown & Brown, Inc.	AC&S Financial Services	VA	Public Broker	Retail	P&C
09/01/18	2018	Brown & Brown, Inc.	Gold Circle Benefits	NY	Public Broker	Retail	EB & Consulting
09/01/18	2018	Easley Hedrick Insurance & Financial	Brandon Scearce Insurance Agency	VA	Independent Agency/Broker	Retail	P&C
09/01/18	2018	Easley Hedrick Insurance & Financial	Eric Arthur Jr. Insurance Services Inc.	VA	Independent Agency/Broker	Retail	P&C
09/01/18	2018	Easley Hedrick Insurance & Financial	Moncure Insurance Agency Inc.	VA	Independent Agency/Broker	Retail	P&C
09/01/18	2018	Easley Hedrick Insurance & Financial	Roy R Yeatts Jr.	VA	Independent Agency/Broker	Retail	P&C
09/01/18	2018	Easley Hedrick Insurance & Financial	Sam Nichols	VA	Independent Agency/Broker	Retail	P&C
09/01/18	2018	Hub International Limited	Cash & Associates, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/01/18	2018	Insgroup, Inc.	Fred Brown & Companies	TX	Independent Agency/Broker	Retail	EB & Consulting
09/01/18	2018	Vizance, Inc.	Sparks Insurance, Inc.	WI	Independent Agency/Broker	Retail	Multi Line
08/31/18	2018	Alera Group, Inc.	Champion Benefits	GA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
08/31/18	2018	Foundation Risk Partners, Corp.	Gallo-American-Calder Insurance Agency	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/31/18	2018	Holman Insurance Services, LLC	Murray Insurance Agency Inc.	FL	Independent Agency/Broker	Retail	P&C
08/31/18	2018	USI Holdings Corporation	The Gaudreau Group, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/29/18	2018	Seeman Holtz Property and Casualty, Inc.	Ritman & Associates, Inc.	IN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/28/18	2018	Arthur J. Gallagher & Co.	International Employee Benefits Solutions, Inc.	CA	Public Broker	Retail	EB & Consulting
08/28/18	2018	Countybank	B. A. Bennett & Co	SC	Bank or Thrift	Retail	Multi Line
08/22/18	2018	Brown & Brown, Inc.	Burke Group, Inc.	LA	Public Broker	Retail	P&C
08/22/18	2018	Central Ohio Financial Services, INC	Hopkins Insurance Agency, Inc.	IN	Other Buyer	Retail	Multi Line
08/21/18	2018	Keystone Insurers Group, Inc.	Coverra Insurance Services, Inc.	WI	Independent Agency/Broker	Retail	P&C
08/20/18	2018	BroadStreet Partners, Inc.	Book of Business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/20/18	2018	Huron Capital Partners, LLC	Peterson McGregor & Associates LLC	MI	Other Buyer	Retail	Multi Line
08/17/18	2018	Foundation Risk Partners, Corp.	Undisclosed Insurance Agency	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/16/18	2018	Seeman Holtz Property and Casualty, Inc.	Merchants Preferred Insurance Services, Inc.	PA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/14/18	2018	Alera Group, Inc.	Barnes Insurance and Financial Services, LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/14/18	2018	Kaplansky Insurance Agency, Inc.	Lit-Flynn Insurance Agency	MA	Independent Agency/Broker	Retail	P&C
08/14/18	2018	TrueNorth Companies LLC	Jewell Insurance Associates, Inc.	CO	Independent Agency/Broker	Retail	P&C
08/13/18	2018	Higginbotham & Associates, Inc.	Hull Agency Insurance	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/10/18	2018	Liberty Company Insurance Brokers	Mitchell & Mitchell Insurance Agency, Inc.	CA	Independent Agency/Broker	Retail	P&C
08/09/18	2018	Bregal Sagemount	Align Financial Group, LLC	CA	Other Buyer	MGA	P&C
08/09/18	2018	Higginbotham & Associates, Inc.	Colt Risk Management Services, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/09/18	2018	Hub International Limited	Kilbride & Harris Insurance Services, LLC	ME	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/08/18	2018	Massachusetts Mutual Life Insurance Company	Quilt Insurance Agency, LLC	MA	Insurance Company	Retail	P&C
08/07/18	2018	Constellation Affiliated Partners	American Insurance Professionals, LLC	AZ	Independent Agency/Broker- Private Capital Backed	MGA	P&C
08/06/18	2018	Hub International Limited	Assets of Ward Agency	TA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
08/03/18	2018	M.J. Hall & Company, Inc.	Wholesale Connection Insurance Services' policy renewal rights	CA	Independent Agency/Broker	MGA	P&C
08/03/18	2018	Seeman Holtz Property and Casualty, Inc.	Asenbrenner Insurance Agency Inc.	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/02/18	2018	Seeman Holtz Property and Casualty, Inc.	Jem Insurance Services, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
08/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	NV	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/01/18	2018	Armfield, Harrison & Thomas, Inc.	Saul & Associates	PA	Independent Agency/Broker	Retail	P&C
08/01/18	2018	Baldwin Risk Partners	Atlas Insurance Marketing	FL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
08/01/18	2018	Baldwin Risk Partners	Montoya & Associates	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/01/18	2018	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/01/18	2018	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/01/18	2018	Brown & Brown, Inc.	Brindley Insurance Agency	TN	Public Broker	Retail	Multi Line
08/01/18	2018	Brown & Brown, Inc.	J. P. Perry Insurance	FL	Public Broker	Retail	Multi Line
08/01/18	2018	Leavitt Group Enterprises, Inc.	ComTech Specialty Group	UT	Independent Agency/Broker	Retail	P&C
08/01/18	2018	NFP Corp.	Specialty Insurance Consultants LLC	WA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
08/01/18	2018	North Risk Partners LLC	Benefit Solutions Inc.	IA	Independent Agency/Broker	Retail	EB & Consulting
08/01/18	2018	Partners Group, LTD.	Mcdonald Insurance Group, Inc.	WA	Independent Agency/Broker	Retail	Multi Line
07/31/18	2018	Crest Insurance Group, LLC	Colorado Restaurant Insurance Agency, Inc.	CO	Independent Agency/Broker	Retail	Multi Line
07/31/18	2018	FBinsure, LLC	Jose S. Castelo Insurance Agency, Inc.	MA	Bank or Thrift	Retail	P&C
07/30/18	2018	Exchange Underwriters, Inc.	Beynon Insurance Agency	PA	Independent Agency/Broker	Retail	Multi Line
07/30/18	2018	Investor Group	PMC Home & Auto Insurance Agency, LLC	FL	Other Buyer	Retail	P&C
07/30/18	2018	Lovell Minnick Holdings LLC	National Auto Care Corporation	FL	Other Buyer	Wholesale	P&C
07/30/18	2018	Ryan Specialty Group, LLC	ARC Specialty Brokerage	NY	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
07/29/18	2018	AssuredPartners, Inc.	Southern Jewelry Insurance	GA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/27/18	2018	ACE Financial	Coastal Brokers	CA	Insurance Company	MGA	P&C
07/27/18	2018	Higginbotham & Associates, Inc.	Sellers-Patterson Insurance	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
07/23/18	2018	Seeman Holtz Property and Casualty, Inc.	Lakes Insurance Group, Corp.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/20/18	2018	Seeman Holtz Property and Casualty, Inc.	Transway Insurance Agency, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/18/18	2018	Integrity Marketing Group LLC	National Independent Brokers, Inc.	MN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
07/18/18	2018	Prime Risk Partners, Inc.	Joseph P. Price Agency, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
07/18/18	2018	Seeman Holtz Property and Casualty, Inc.	Central Insurance Advisors LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/17/18	2018	Core Assurance Partners, Inc.	E. L. Creech & Co., Inc	VA	Independent Agency/Broker	Retail	P&C
07/17/18	2018	Risk Strategies Company, LLC	Oxford Risk Management Group	MD	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
07/16/18	2018	Arthur J. Gallagher & Co.	Jack Nebel Companies, Inc.	IL	Public Broker	MGA	P&C