AssuredPartners Inc
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Challenges include integration, delevering, winning staff over and building a compelling equity story.
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Hank Dominioni will focus on Hartford, Torrington and greater Connecticut.
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The firm may be a victim of its own success and size but a challenging macro landscape is also presenting obstacles for levered brokers as The Squeeze 2.0 looms.
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Sources said that the likeliest path for the business now is to prepare itself for an IPO, which would probably be unfeasible before 2025.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources said the mid-market retailer has retained Morgan Stanley and Goldman Sachs to advise, and is open both to PE suitors and trade bidders.
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The question of how to finance the private brokers no longer begins and ends with a PE flip.
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The companies filed the motion with prejudice, barring them from bringing the same arguments to another US court in the future.
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Increased cost of capital is cooling tuck-in M&A, encouraging a pivot to organic growth and forcing greater creativity around financing.
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The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.
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A tougher environment for debt financing and a potential recession will reverse some of the remarkable tailwinds of recent years.
Related
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Gallagher M&A pipeline narrows to 45 term sheets ahead of AP closing
January 30, 2025 -
AssuredPartners hires Accenture’s Sullivan as COO
January 07, 2025 -
AJ Gallagher-AssuredPartners: 500 simultaneous tuck-in acquisitions
December 10, 2024 -
AJG confirms agreement to buy AssuredPartners for $13.45bn
December 09, 2024