AssuredPartners Inc
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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.
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The broker continues its growth plan with a new specialty, wholesale and program administration company.
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Following the deal, Fred Church’s staff of 160 employees will remain operating under the leadership of president and chairman Mike Reilly.
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