Transactions

Novum Underwriting Partners, a leading specialty underwriting agency and wholesale brokerage, has entered a strategic partnership with Steadfast Group Limited, the largest general insurance broker in Australasia. MidCap Advisors acted as the exclusive financial advisor, guiding a transaction that significantly broadens Steadfast’s global presence.
=

MidCap Advisors acted as the exclusive financial advisor to Innovative Insurance Group, one of the largest and most established brokerages in Virginia, in their sale to ALKEME Insurance, a Top 35 Insurance Brokerage. This acquisition marks a significant milestone in ALKEME’s continued growth across the East Coast.

MidCap Advisors served as the exclusive financial advisor to Healey & Associates, a well-established and trusted provider across Maine, in its acquisition by World Insurance Associates LLC, a nationally recognized insurance brokerage. This transaction marks World Insurance Associates’ inaugural employee benefits acquisition in Maine, enhancing its footprint throughout New England and reinforcing its expertise in the nonprofit sector—a core specialization of Healey & Associates.

Midcap Advisors acted as the exclusive financial advisor to US Principal Insurance, in the acquisition to World Insurance Associates. The acquisition broadens World Insurance Associates’ reach in Louisiana, delivering a comprehensive mix of insurance products and services for clients across business and personal needs.

MidCap Advisors served as the exclusive financial advisor to Erwin Insurance Agency in its sale to World Insurance Associates. This partnership brings together Erwin’s long-standing commitment to personalized, local service with World’s expansive resources and national reach, positioning the combined team to deliver even greater value to clients.

MidCap Advisors acted as the exclusive financial advisor to Burke & Burke Insurance in its acquisition by World Insurance Associates. The partnership combines Burke & Burke’s 30+ years of benefits expertise with World’s national platform, expanding resources and capabilities to deliver tailored insurance and retirement solutions to clients.

MidCap Advisors served as the exclusive financial advisor to Courtney Insurance Services in its acquisition by World Insurance Associates. By joining World, Courtney Insurance builds on its reputation for personalized service while gaining expanded resources and scale to deliver innovative, tailored protection for families and businesses alike.

MidCap Advisors served as the exclusive financial advisor to Insurance Unlimited of Louisiana in its acquisition by World Insurance Associates. This strategic combination unites Insurance Unlimited’s six decades of client-focused service with World’s national platform, expanding capabilities and ensuring comprehensive, customized solutions for businesses and families alike.

Woods Insurance Service (Woods), a rapidly growing property & casualty agency, established in 1926, with offices in New Mexico, Colorado, and Oklahoma has been acquired by Hub International (Hub) on December 31st, 2024. In addition to Property and Casualty, Woods provided Group Benefits, Individual Health and Life Insurance products. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to Woods.

The Firm of Louisiana Property & Casualty, LLC, recognized for its commitment to personalized service, has joined World Insurance Associates. Specializing in Auto, Home, Business, Commercial Auto, and Life Insurance, the firm has built a strong reputation for simplifying insurance solutions for clients across Louisiana. Through this acquisition, World strengthens its ability to provide tailored coverage solutions to individuals and businesses in the region.

Based in Houston, TX, Creekside Risk Management is a premier provider of personal, life, health, and commercial insurance solutions. Its Private Client Group delivers customized risk management strategies to affluent individuals and families nationwide. By joining World, Creekside enhances its ability to provide high-touch, sophisticated insurance solutions to high-net-worth clients, further expanding World’s expertise in private client risk management.

McFatter Insurance Agency, a deeply rooted firm in Lake Charles, LA, is known for its Personal, Business, Auto, Home, and Life Insurance solutions. With a client-first approach, the agency has long provided tailored coverage to meet the unique needs of individuals and businesses in the community. By joining World, McFatter Insurance Agency gains access to expanded resources while maintaining its dedication to personalized, local service.

The Firm of Cenla, known for its top-rated customer service and licensed agents, has joined World Insurance Associates. Offering a broad range of insurance products—including Auto, Home, Life, Health, Property, and Business Insurance—the firm has been a trusted partner for clients across Louisiana. This partnership enhances World’s reach and ability to deliver comprehensive, customer-focused insurance solutions throughout the state.

With over 18 years of experience, Insure Plus has built a strong reputation for providing Commercial, Personal, Business, and Trucking Insurance solutions across Baton Rouge and Southern Louisiana. The firm specializes in serving industries such as construction, contractors, cyber, crime, and bonds. By joining World, Insure Plus strengthens World’s expertise in key commercial sectors and enhances its ability to deliver industry-specific insurance solutions.

Meritage Wealth Insurance Advisor, LLC (MWIA), a rapidly growing Point-of-Sale Life Insurance distribution agency with locations in Texas, Arizona, Washington, Virginia, and New York, has been acquired by Amerilife Group Holdings, a St. Petersburg, Florida-based insurance brokerage that provides life, annuity, Medicare, individual and other health solutions. All five principals are moving forward with the transaction. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to PMA.

EMG Insurance Brokerage (EMG), one of the nation’s oldest and most respected brokerage general agencies (BGA), has been acquired by Omaha-based Senior Market Sales® (SMS), a premier insurance marketing agency. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to EMG. EMG, founded in 1972 as a Texas-based brokerage firm, assists financial advisors in navigating the insurance marketplace by locating the right products for their clients. The BGA supports a national network of more than 3,000 agents across all 50 states. The Company offers life insurance plans, critical illness, long-term care, disability, travel, dental insurance as well as annuities, group benefits, life settlements and Affordable Care Act (ACA) plans. SMS represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, and travel insurance in all 50 states. The firm was founded in 1982 and joined parent firm Alliant Insurance Services in 2020.

MidCap Advisors is pleased to announce that The ASA Group (“ASA” or the “Company”) a Little Rock, Arkansas based life insurance and life settlement agency was acquired by Senior Market Sales, (“SMS” or the “Buyer”) a firm within Alliant Insurance’s family of companies. Both companies are members of LIBRA and are family owned. MidCap Advisors was the exclusive financial advisor to ASA. The Company offers life insurance, long-term care insurance, disability insurance, and fixed annuities. As a general agency since inception, ASA’s complimentary life settlement practice, Evolved Life Settlements, serves as a prime broker for high-net-worth families. During the past 46 years of operations, ASA has succeeded due to its multi-disciplined approach, its top tier referral partners, and its experienced team. The Company will continue to be led by the 2nd generation Owner, Luke Ramsey, who grew up as a child walking the halls of his father’s agency. Founded in 1982, SMS is headquartered in Omaha, Nebraska and represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, and travel insurance carriers in all 50 states. More than 71,000 independent insurance agents rely on SMS for proprietary technology, competitive insurance products, and expert training and service. In 2020, SMS joined the Alliant Insurance Services family of companies. Luke and SMS will leverage opportunities to provide additional services to clients and will grow on a long-term basis through ASA’s highly established life settlement division and through SMS’ distribution footprint.

The Pavese-McCormick Insurance Agency (PMA), a third-generation multi-line property and casualty agency based in Monmouth Junction, New Jersey, has been acquired by King Insurance, a Gainesville, Florida-based insurance brokerage that provides property and casualty, liability and employee benefit solutions. Currently in its 90th year of operation, PMA provides risk management solutions to commercial and personal lines customers. MidCap Advisors, LLC (MidCap) served as the exclusive financial advisor to PMA.

MidCap Advisors is pleased to announce that The Larry Gordon Agency, Inc. (“Larry Gordon” or “LGA” or the “Agency”) has been acquired by EPIC Insurance Brokers and Consultants, Inc. (“EPIC”) via its financial sponsors Harvest Partners and The Carlyle Group. MidCap Advisors was the exclusive financial advisor to LGA. The transaction became effective November 4, 2022. Founded in 1965 as one of the first independent brokerage agencies in the country, LGA pioneered the concept of providing brokers a mix of life insurance products from various carriers. LGA’s experienced management team has extensive knowledge in impaired risk evaluation, business insurance solutions, estate planning, and financial planning. As a member of LIBRA Insurance Partners, NAILBA, and NAIFA, LGA can access top-notch research and provide scale that only a few wholesalers can offer. LGA’s young leadership team will remain with the company post transaction. They are excited to partner with a company, like EPIC, that has grown in 15 years to become a billion-dollar revenue, PE-backed insurance platform. As an EPIC-owned agency, Larry Gordon will gain access to a larger middle market geographic network in the life, disability, and executive benefits space.

MidCap Advisors is pleased to announce that Barbot Insurance Services (“Barbot” or the “Agency”) has been acquired by Acrisure, LLC, a $23 billion dollar insurance and financial technology company. MidCap Advisors was the exclusive financial advisor to Barbot. The Agency primarily places business owner’s policies for California and Nevada 7-Eleven franchises and Barbot will round out accounts via placements including, but not limited to, employment practices liability, directors’ and officers’, and earthquake and flood insurance coverages.

MidCap Advisors is pleased to announce that Madison Consulting Group, LLC (“Madison” or the “Agency”) has been acquired by Acrisure, LLC, a $23 billion dollar insurance and financial technology company. MidCap Advisors was the exclusive financial advisor to Madison. The Agency is a national employee benefit advisor and investment consulting firm that specializes in small group and large group markets as well as several national labor unions.

MidCap Advisors is pleased to announce that Signature Insurance Agency Group, LLC (“Signature”) has been acquired by Acrisure, LLC, a $23 billion dollar insurance and financial technology company. MidCap Advisors was the exclusive financial advisor to Signature.

R. Stephens Financial (“R. Stephens” or the “Agency”) was acquired by Choice Insurance Agency (“Choice”), via its financial sponsor Northlane Capital Partners. The transaction was effective August 23, 2022. MidCap Advisors was the exclusive financial advisor to R. Stephens Financial. The Agency is an employee benefits brokerage that also provides 401K offerings, life insurance, long term care, and disability products. Their group benefits business is placed with top carriers such as Oxford United Healthcare. Choice is a rapidly growing private equity-backed insurance agency that is based in Virginia Beach, Virginia and has 19 offices in 8 states.

MidCap Advisors is pleased to announce that EPIC Insurance Brokers & Consultants (“EPIC”) has acquired Dixon Wells (“DW”), an Alabama-based broker general agency with additional locations in South Carolina, North Carolina, Tennessee, and Ohio. DW specializes in life insurance, long-term care, disability income, and annuity products. The transaction became effective on 05/31/2022.

MidCap Advisors is pleased to announce that the Simplicity Group (“Simplicity”) has acquired Buckhead Brokerage Group (“BBG”), a Georgia-based broker general agency specializing in life insurance, long-term care, disability income, and annuity products. The transaction became effective on March 31, 2022. The Partner of BBG, Forrest Mitchell, will stay post-acquisition to continue to grow BBG’s offering to banks and wealth management groups.

Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Baltimore, Maryland-based Young Insurance & Financial (“YIF”). The transaction became effective Dec 31, 2021. YIF is a property & casualty insurance agency primarily offering personal lines coverages to their clients in the mid-Atlantic region. YIF was formed in 2000 by Ed Young who has managed and grown the agency since its inception. Ed started his agency from scratch and has been acquisitive over the years, acquiring seven agencies since 2007. Post-transaction Ed will continue to lead the agency and build toward future growth.

Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Huntington, Pennsylvania-based The Stern Agency (“TSA”). The transaction became effective Dec 31, 2021. TSA is a property & casualty insurance agency offering both personal and commercial lines coverages to their clients in the mid-Atlantic region. TSA was formed in 2007 by Pamela Stern who has managed and grown the agency since its inception. Over the years, TSA has built a specialty niche in the agriculture and farm space. Post-transaction Pamela will continue to lead the agency and build toward future growth.

Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Baltimore, Maryland-based EZ Insurance Group, dba GEBCO (“EZ”). The transaction became effective Dec 31, 2021. EZ is a property & casualty insurance agency primarily offering personal lines coverages to their clients in the mid-Atlantic region. EZ was formed in 1974 by Ed Young who has managed and grown the agency since its inception. Post-transaction Ed will continue to lead the agency and build toward future growth.

Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Manassas, Virginia-based The Corrigan Insurance Agency, Inc. (“CIA”). The transaction became effective Dec 31, 2021. CIA is a property & casualty insurance agency providing both personal and commercial lines coverage to their clients in the mid-Atlantic region. CIA was started in 2008 by Leslie Corrigan who has managed and grown the agency since its inception. Leslie has established a strong sales culture within her agency which has enhanced CIA’s profitability. Post-transaction Leslie will continue to lead the agency and build toward future growth.

Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Baltimore, Washington-based Marion Miller Associate, Inc. (“MMA”). The transaction became effective Dec 31, 2021. MMA is a property & casualty insurance agency providing both personal and commercial lines coverage to their clients in the mid-Atlantic region. MMA was founded in 2000 by Marion Miller who has managed and grown the agency since its inception. Over the past 5 years Marion’s sons, Zach and EJ, Have joined her in leading the agency and building out their P&C capabilities. Post-transaction Marion will continue to lead the agency and build toward future growth.

Peter C. Foy & Associates Insurance Services (“PCF”) has acquired Elkton, Maryland-based Daniel Corrigan Insurance (“DCI”). The transaction became effective Dec 31, 2021. DCI is a property & casualty insurance agency primarily offering personal lines coverages to their clients in the mid-Atlantic region. DCI was formed in 2003 by Daniel Corrigan who has managed and grown the agency since its inception. Post-transaction Daniel will continue to lead the agency and build toward future growth.

Risk Strategies Corp. (“RSC”) has acquired Springfield, New Jersey-based KRA Insurance Agency, Inc. (“KRA”). The transaction became effective November 1, 2021. KRA is a multi-line insurance agency providing commercial and personal P&C coverage as well as individual and employee benefits insurance. KRA has expertise in a variety of niches including; Professional Liability, Construction, Hospitality, and High Net Worth Personal Lines. KRA was founded over fifty years ago by Mike Rekoon whose guidance helped grow the agency to become a leader in the region. Over the past decade KRA had elevated several key employees to shareholders and these five partners will continue to the lead agency post-transaction in partnership with Risk Strategies.

Hub International (“Hub”) has acquired Woburn, Massachusetts-based Tanna Insurance, Inc. (“Tanna”). The transaction became effective November 1, 2021. Tanna is a property & casualty insurance agency primarily serving a variety of commercial clients throughout the United States. Tanna was founded over ten years ago by Dinesh Tanna who wanted to lead an agency after years of experience in the industry. Dinesh and his team will continue post-transaction and build toward future growth alongside Hub.

Acrisure, LLC (“Acrisure”) has acquired Mt. Pleasant, South Carolina-based Atlantic Shield Insurance Group (“Atlantic Shield”). The transaction became effective October 1, 2021. Atlantic Shield is a property & casualty insurance agency providing insurance solutions to personal and commercial clients in the southeast. Atlantic Shield was founded in 2004 by Erik Loesch and Hill Shaw. Since inception, both Erik and Hill have successfully helped the agency grow and prosper. Post-transaction Erik and Hill will lead the agency and build toward future growth.

Hub International, backed by Hellman & Friedman, acquired Scottsdale Arizona-based EPG Insurance, LLC. The transaction became effective October 1, 2021. Established in 2016 through the merger of Eaton & Associates and Provident Group, EPG is a multi-line property & casualty insurance brokerage firm with a focus in commercial markets. EPG looks forward to continued growth and excellence with its new partner, Hub International. EPG’s principal owners, Tim Schmidt, Jeff Schmidt, and Greg Budiac, will continue to lead the business leveraging the resources of the expanding Southwest Region of Hub.

Simplicity Group acquired New Jersey-based Algren Associates Inc. The transaction became effective October 1, 2021. Established in 1960 and purchased by Doug Mishkin in 2006, Algren provides the insurance community with creative solutions focused on complex life insurance coverage. Algren looks forward to continued growth and excellence with its new partner, Simplicity. Doug Mishkin will continue to lead the business

Summit Risk Advisors, LLC (“Summit”) has acquired Mt. Pleasant, South Carolina-based Mappus Insurance Agency, Inc. (“Mappus”). The transaction became effective September 1, 2021. Mappus is a property & casualty insurance agency providing insurance solutions to personal and commercial clients in the southeast. Mappus was founded in 1960 and has been recently owned and operated by Andrew E. Muller. Post-transaction Andrew will lead the agency and build toward future growth.