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It is understood that the company has retained the services of Dowling Hales as advisor. -
More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue.
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Backers and CEOs may be wary of falling into the same trap as larger PE-backed retail brokers.
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The Teachers’-backed broker consolidator is being marketed off ~$700mn of Ebitda.
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In our new database, you can find all of the key data points on P&C commercial lines deals in our coverage universe in one place.
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Fleming alleges fraud and misrepresentations on the part of James River.
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The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
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The agency is expanding organically and via M&A with a focus on minority-owned businesses.
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Sources said that Piper Sandler is running the sale process for the ~$50mn Ebitda business.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said that a deal between the two sides could be reached in the next couple of weeks.
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Sources said that Nacional would only consider a bid north of $150mn.
