Insurance M&A firm Optis Partners reports on 2016 M&A activity. Key findings:
- M&A Activity during 2016 fell just short of the 2015 count, with reported transactions in the US and Canada down slightly from 456 in 2015 to 449 in 2016, but still the second highest level of M&A activity on record.
- Breaking the data down into quarterly activity levels, we’ve now had nine quarters in a row with greater than 100 transactions.
- Private-equity backed firms (“PE-backed”) continue to dominate the buyer landscape, holding steady at 53% of the total transactions in 2016, up from only 21% in 2008 while most of the other buyer categories have shown declines over the same period.
- The PE-backed buyer group has increased from less than 4 transactions each to an average of about 12.5 deals while the publicly traded brokers has dropped from an average of 9.7 deals each to less than 7.
- The growth in P&C firm sales jumped dramatically in 2015, but dropped off slightly in 2016 while the other seller groups remained relatively stable, albeit a slight increase in the number of Benefits agency sales.
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