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Agency M&A Drops in First Half 2013

OPTIS study reports a slowdown in M&A activity after last year's capital gains tax-hike boom, with Hub and Gallagher leading the pack.

By Laura Mazzuca Toops | Updated on August 16, 2013

The number of insurance agency mergers and acquisitions declined slightly during the first half of 2013, with 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.

“It was a period of relative calm after the perfect storm of getting deals done before the capital gains tax-hike,” said 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.”

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