Tricor Insurance
Dowling Hales acted as exclusive financial advisor in the equity recapitalization of Top 100 Insurance Broker TRICOR Insurance TRICOR Insurance (the “Company”) announced today that J.C. Flowers & Co., LLC, (“J.C. Flowers”) has made a strategic investment in the independent broker, positioning the Company for continued growth, both organically and through strategic acquisitions. J.C. Flowers is a leading New York-based private investment firm dedicated to investing globally in the financial services industry. Founded in 1945, TRICOR Insurance is a nationwide insurance broker offering business insurance, employee benefits solutions, personal insurance, and individual life and health coverages. The Company currently ranks as the 89th largest insurance broker as measured by the Hales 100, with over $33mm in annual revenue and more than 40,000 clients across Wisconsin, Iowa and the Midwest. TRICOR Insurance is led by CEO/President, Dave Fritz, who will retain a significant ownership position in the company, along with other employee shareholders.
Target Company
Tricor Insurance
Acquirer Company
J.C. Flowers & Co.
Acquisition Date
October 2021
Sector
Insurance
Acquisition Date
October 2021
Industry
Retail P&C
Region
USA
State of Acquired
WI
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