-
Sources said MarshBerry was retained earlier this year to run the sale. -
Sources said that the program manager is being advised by Dowling Hales.
-
Sources suggested that the multiple could be as low as the 13x range as valuations reset.
-
The exec said if he were a carrier CEO, now is the time he would start looking for deals.
-
Insurance Insider US revealed last year that Intercare had retained MarshBerry to explore strategic options.
-
Insurance Insider US revealed last week that Hub had secured a ~16.5x Ebitda valuation in its “private IPO”.
-
The two deals bring the combined company’s Ebitda to about $25mn-$30mn.
-
Q1 was the ninth consecutive quarter of below-average deal volume.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
Broadstreet announced the most deals, followed by Hub and Gallagher.
-
The firm also reported it paid $82.8mn for Brazilian brokerage Case Group.
-
The deal will place the highest ever private valuation on a broking firm.
