After transactions in the U.S. related to the delegated authority and wholesale broker (collectively “specialty”) marketplace set an all-time high of 181 completed deals in 2023, the industry experienced a dramatic decrease to approximately 120 announced deals in 2024. While seemingly dire, the related median valuation multiples of specialty transactions completed by MarshBerry grew by approximately 25% over this same period of time. This implies a classic supply and demand situation where supply is relatively limited while buyer demand remains robust. Join George Bucur, Managing Director & Specialty Practice Co-Head, as he goes into more detail on the valuation environment in 2024.
To The Point: A MarshBerry Video Series
2024 Update: Transactions of Specialty Firms Plummet While Valuation Soars
February 3, 2025
MarshBerry is a global leader in investment banking and consulting services, specializing in the insurance brokerage and wealth management sectors. If your firm seeks expert advisory guidance to refine your business strategies, drive sustainable growth, or facilitate a sale, MarshBerry is the ideal partner to support you in making these critical business decisions. Collaborating with a trusted advisor who deeply understands your business and the industry can help you maximize value at every stage of ownership.
