The Sullivan Group
Dowling Hales Acted as Exclusive Financial Advisor toThe Sullivan Group in its Proposed Sale to Worldwide Facilities, Worldwide Facilities, LLC (“Worldwide”) and The Sullivan Group (“Sullivan”) have entered into a letter of intent where Worldwide agrees to acquire all of the outstanding capital stock of Sullivan (other than GJS Re, which provides reinsurance and related consulting services). Dowling Hales acted as the exclusive financial advisor to internationally-known Sullivan and the parties anticipate completing the transaction within the next thirty days. Los Angeles-based Sullivan is a premier specialty program manager, contract binding authority manager and wholesale broker and is comprised of four synergistic entities that will be acquired in a single transaction. The organization, with approximately $200 million in managed premium, is headed by Jerry Sullivan, Chairman and Hank Haldeman, President. Sullivan is one of the oldest and largest privately-held brokerage firms and the Sullivan brand is long-recognized for its professionalism, innovation and expertise in property, casualty, professional liability and management liability.
Target Company
The Sullivan Group
Acquirer Company
Worldwide Facilities LLC
Acquisition Date
April 2018
Sector
Insurance
Acquisition Date
April 2018
Industry
MGA / Wholesale
Region
USA
State of Acquired
CA
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