MarshBerry Advises Intercare on Their Acquisition by Aquiline Capital Partners, LLC
MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have advised Intercare on their sale to Aquiline Capital Partners, LLC (Aquiline), a private investment firm specializing in financial services and technology.
Intercare, founded in 1994 and headquartered in Rocklin, California, is a leading independent third-party workers’ compensation and liability claims administrator and managed care service provider with national reach. Led by CEO Agnes Hoeberling, the firm incorporates litigation and medical management with a return-to-work focus while reducing client loss costs.
Leveraging decades of industry expertise, proprietary market intelligence, and a proven track record of maximizing value for clients, MarshBerry continues to help TPAs be positioned for success when it comes to selling their business.
“Intercare represents a unique asset within the TPA space, and we were thrilled to help their organization find a partner that positions them for future growth,” said John Wepler, MarshBerry Chairman & CEO. “This transaction marks a significant milestone for the TPA sector, reflecting the strength and value of our client’s business. We are proud to have played a role in this record-setting deal, ensuring a strategic partnership that drives long-term success.”
With deep relationships across the insurance ecosystem—including strategic buyers, private equity firms, and industry consolidators—MarshBerry delivers unparalleled access to the right partners. A dedicated team of investment bankers understands the complexities of the TPA space, from regulatory considerations to operational efficiencies, ensuring a tailored approach that aligns with each client’s unique goals. Through data-driven insights, expert negotiation, and strategic positioning, MarshBerry helps TPAs achieve optimal deal structures, seamless transitions, and long-term success.
“MarshBerry is proud to support our clients in strategically positioning for long-term success,” said Gerard Vecchio, MarshBerry Managing Director. “We’re excited to have helped Intercare align with a partner like Aquiline, where the potential for synergy with other portfolio companies creates strong opportunities for future growth.”
Terms of the transaction were not disclosed.
MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.
MarshBerry – Helping Clients Learn, Improve & Realize Value
MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.
Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.
