ATLANTA–Insurance brokerages with big growth-through-acquisition aims will have to grab up groups of smaller firms because there are few larger companies left to target, a consulting firm advised at a meeting here.
Kevin Stipe, a senior vice president and principal with Atlanta-based Reagan Consulting, also noted that pressure from investors to grow businesses, continued weak organic growth from the soft market and the availability of private investment money are fueling acquisition desires.
“Today is the most competitive, exciting and confusing time for this industry in my 16-year experience,” said Mr. Stipe, speaking Monday at a conference on mergers, acquisitions and internal perpetuation sponsored by his firm.
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