Although the Hub acquisition made a splash this summer, the number of insurance agency mergers and acquisitions has declined slightly during the first half of 2013.
There were 122 reported transactions in the U.S. and Canada compared with 133 deals last year, according to OPTIS Partners, a Chicago-based investment banking and financial consulting firm specializing in insurance.
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“It was a period of relative calm after the perfect storm of getting deals done before the capital gains tax-hike,” stated OPTIS Partner Timothy J. Cunningham. “This year’s numbers are inflated somewhat because many of the deals reported in January and some in February probably closed in 2012.”
OPTIS reported 76 transactions in first-quarter 2013, but just 46 in the second quarter. (continued.)