As private capital-backed buyers kick the tires of potential targets and become more stringent in their due diligence process, they are starting to ask the question “Why are valuations for insurance brokerages still so high?” In this struggling economic environment, it’s a good question. The answer is – demand.
There continues to be significant demand for both insurance coverage and for the insurance brokerage firms who can provide that coverage. Showing once again, even during the most volatile times, the important role insurance plays in keeping businesses and individuals moving forward.
M&A Market Update
Through June 30, 2023, there have been 271 announced merger & acquisition (M&A) transactions in the U.S.
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Disclosure: All deal count metrics are inclusive of completed deals with U.S. targets only. Scorecard year-to-date totals may change from month to month should an acquirer notify MarshBerry or the public of a prior acquisition. 2022 statistics are preliminary and may change in future publications. Please feel free to send any announcements to M&A@MarshBerry.com.
Source: S&P Global Market Intelligence, http://www.insurancejournal.com, http://www.businessinsurance.com/ and other publicly available sources.
