MarshBerry Advises Avondale Insurance Associates on their Acquisition by Unison Risk Advisors

Woodmere, OH -– MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have advised Avoca Insurance Holdings in the sale of its wholly-owned subsidiary, Avondale Insurance Associates to Unison Risk Advisors. The transaction closed on October 17, 2024.

Established in 2006 and headquartered in Boston, MA, Avondale Insurance Associates is a technology-enabled excess and surplus lines underwriting management company, which supports wholesale distribution for the property and general liability insurance industry.

This acquisition is a significant milestone for Unison Risk Advisors as it marks their entry into the specialty distribution sector. As part of Unison Risk Advisors, Avondale will continue their commitment to delivering industry leading programs to the wholesale market, while growing Unison’s capabilities internationally. The acquisition will magnify the core mission of Unison Risk Advisors to drive value for their clients through expanded access to solutions and service excellence.

“Our team is proud to have advised Avondale Insurance Associates on their acquisition by Unison Risk Advisors,” said Phil Trem, MarshBerry President – Financial Advisory. “This partnership brings together two highly respected, independent insurance distribution entities committed to client-focused service and industry expertise.”

With deep industry knowledge and a focused approach, MarshBerry is committed to delivering value-driven solutions that fuel expansion and maximize long-term success for specialty insurance distributors.

“We are excited to see the positive impact this strategic alignment has on both organizations as they continue to enhance value and expand their reach as a powerhouse retail and wholesale-distributed, binding authority business,” added Gerard Vecchio, MarshBerry Managing Director.

Terms of the transaction were not disclosed.

MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on more than 1,300 merger & acquisition transactions which is approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.

MarshBerry – Helping Clients Learn, Improve & Realize Value

MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.

Avondale Insurance Associates

Avondale Insurance Associates, founded in 2006 and based in Boston, MA, specializes in Excess and Surplus Lines Property and General Liability insurance. The company is led by Daniel Hinchliffe and a senior management team with extensive underwriting experience, supported by major global specialty insurers. Avondale distributes exclusively through appointed wholesale brokers. Their commitment to the wholesale community reflects a longstanding business philosophy that spans over 40 years.

Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.