The number of insurance agency mergers and acquisitions declined to 46 in the second quarter from the 76 transactions reported in Q1, according to “Agent-Broker Mergers & Acquisitions June 2013,” from Optis Partners, an agent-broker M&A advisory firm. In the first half of this year, there were 122 reported acquisitions in the United States and Canada, compared to 133 deals last year.
The biggest buyers were privately owned brokers, who made 45 acquisitions compared to 40 for the same period last year; private equity-backed brokers made 40 acquisitions, which was unchanged from last year. Deals executed by publicly owned brokers declined to 18 from 30 for the same period last year, and banks made 14 acquisitions, up from 10. Hub International accounted for 14 deals so far this year, followed Arthur J. Gallagher, with nine deals, and Digital Insurance, with seven.
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