MARSHBERRY SERVES AS FINANCIAL ADVISOR TO STERLING INSURANCE GROUP IN SALE TO ASSUREDPARTNERS, INC.
MarshBerry is pleased to offer its congratulations to Sterling Insurance Group (Sterling Insurance) and AssuredPartners, Inc. (AssuredPartners) on their recent partnership. MarshBerry is the investment banking firm that represented Sterling Insurance, based in Sterling Heights, MI, in its sale to AssuredPartners. The transaction closed on June 30, 2021.
Sterling Insurance has been a valued member of the MarshBerry Connect Network for over five years and was the inaugural winner of the MAX Performer designation. The MAX Performer award is a mark of distinction given to an independent firm that presents strong financials in addition to fostering a client-first culture throughout the company.
“MarshBerry is honored to have been the investment banking firm brokering this transaction,” said John Wepler, Chairman and CEO of MarshBerry. “As a consistent high-performing member of the Connect Network, we are excited for Sterling Insurance as they take the next step into realizing its long-term growth goals. We wish them continued success and a promising partnership moving forward.”
Specializing in a number of key industries, Sterling Insurance expands AssuredPartners reach in the Midwest.
MarshBerry remains the number one sell side advisor for insurance agencies and brokerages for the 22nd year in a row and retains its position as the industry leader for total number of clients advised1. Since 1999, MarshBerry has advised on more than 900 M&A transactions which is approximately 27% of the total tracked deal flow during this period as reported by S&P Global Market Intelligence.
Terms of the transaction were not disclosed.