Auxo Firm Directory · Independent Research Profile

Sica | Fletcher

Sica | Fletcher is an insurance-focused M&A advisory firm founded in 2014 by Michael Fletcher and Al Sica. Its public services include sell-side insurance advisory, buy-side insurance advisory, and strategic advisory work. The firm states that its founders have closed over $19 billion in insurance agency and brokerage transactions since 2014.

Key takeaway

What stands out about Sica | Fletcher

Sica | Fletcher publicly offers sell-side, buy-side, and strategic advisory services exclusively within the insurance industry. Its public materials identify a national transaction footprint and named insurance transactions, but the services page does not publish a universal minimum revenue, EBITDA, enterprise-value, or transaction-size threshold.[1][2][3]

What does Sica | Fletcher do?

Sica | Fletcher is a strategic and financial advisory firm focused exclusively on the insurance industry. The firm was founded in 2014 by Michael Fletcher and Al Sica. Its official website identifies the legal entity as Sica | Fletcher LLC and lists an address at 250 West Street, Suite J, New York, NY 10013.

Sica | Fletcher states that its founders have closed over $19 billion in insurance agency and brokerage transactions since 2014.[1]

Sica | Fletcher publicly offers sell-side insurance advisory, buy-side insurance advisory, and strategic advisory services.

Its sell-side process includes an introductory call, evaluation and analysis, a strategy session, and execution of the agreed strategy. Its buy-side advisory work includes acquisition-strategy development, target sourcing, negotiation, financial modeling, valuation guidance, due diligence, and transaction execution.[2]

Owners comparing advisory firms can also review Auxo’s M&A advisor vs. business broker vs. investment bank comparison, advisor-selection guide, and sell-side advisor evaluation framework.

Public size / criteria information
The services page does not publish a universal minimum revenue, EBITDA, enterprise-value, or transaction-size threshold for engagements.[1][2][3]

What should a business owner evaluate before hiring Sica | Fletcher?

An insurance-agency owner evaluating Sica | Fletcher can clarify how the firm approaches valuation, buyer selection, buyer contact, conflicts, and transactions within the owner’s specific insurance niche, geography, and size. The public materials establish an insurance-only focus and a stated sell-side process, but they do not establish a universal engagement-size threshold or generally disclose fees and other transaction economics on the announcements page. Owners should also confirm the proposed fee structure, expense terms, any securities-related service arrangements, and the scope of transition or rollover-equity support.[1][2][3]

01

What minimum or typical revenue, EBITDA, or enterprise-value profile does the firm accept

The services page does not publish a universal minimum revenue, EBITDA, enterprise-value, or transaction-size threshold for engagements.[2]
02

What are the retainer, success fee, minimum fee, tail, termination, and expense terms

The announcements page does not generally disclose advisory fees or other engagement economics for listed assignments.[3]
03

How does the firm determine valuation and select buyers

The firm’s public services describe evaluation and analysis, strategy development, valuation guidance, and buyer- and market-related advisory work, while the materials do not set out a complete valuation or buyer-selection methodology.[2]

What size transactions and clients does Sica | Fletcher focus on?

Sica | Fletcher states that it is focused exclusively on the insurance industry. Its public transaction archive includes insurance agencies and brokerages, employee-benefits businesses, wholesale brokerage, public adjusting, and related insurance businesses.[1][3]

The official announcements archive identifies Safe Harbour Insurance Management, Inc.’s sale to ALKEME Intermediary Holdings, LLC, dated February 27, 2026; O’Neill Associates Consulting, Inc.’s sale to ALKEME Intermediary Holdings, LLC, dated February 27, 2026; Surety Bonds LLC’s sale to The Hilb Group, dated February 15, 2026; Quantum Resource Group, Inc.’s sale to ALKEME Intermediary Holdings, LLC, dated February 13, 2026; and Centennial State Insurance Group’s sale to ALKEME Intermediary Holdings, LLC, dated January 9, 2026.[3]

The firm’s public transaction materials show advisory work involving sales, acquisitions, partnerships, management and partner-led buyouts, and other strategic alternatives for insurance businesses.

Examples include Sica | Fletcher’s stated role as exclusive financial advisor to Regency Insurance Brokerage Services in its sale to USI Insurance Services, and its stated role as strategic advisor to PCF Insurance Services in a management and partner-led buyout from HGGC involving financing of more than $1 billion.[3][4][5]

What does Sica | Fletcher publicly disclose about fees, process and engagement terms?

The services page does not publish a universal minimum revenue, EBITDA, enterprise-value, or transaction-size threshold for engagements.

The announcements page identifies transaction parties and dates but does not generally disclose transaction consideration, valuation, financing terms, advisory fees, or engagement economics for the listed assignments.

The homepage footer does not identify a firm-level broker-dealer registration, investment-adviser registration, or other securities regulatory status.[1][2][3]

The official website identifies the entity as Sica | Fletcher LLC. Its homepage footer states that Sica | Fletcher LLC does not underwrite securities, advise on securities, or effect transactions in securities for the account of others.

The homepage footer does not identify a firm-level broker-dealer registration, investment-adviser registration, or other securities regulatory status.[1]

The stated sell-side process includes an introductory call, evaluation and analysis, a strategy session, and execution of the agreed strategy. The firm also states that it uses financial engineering analytics, operations know-how, and insurance M&A-market knowledge to develop strategies intended to enhance shareholder value.[2]

Questions to ask before hiring Sica | Fletcher

What minimum or typical revenue, EBITDA, or enterprise-value profile does the firm accept?
The services page does not publish a universal minimum revenue, EBITDA, enterprise-value, or transaction-size threshold for engagements.[2]
What are the retainer, success fee, minimum fee, tail, termination, and expense terms?
The announcements page does not generally disclose advisory fees or other engagement economics for listed assignments.[3]
How does the firm determine valuation and select buyers?
The firm’s public services describe evaluation and analysis, strategy development, valuation guidance, and buyer- and market-related advisory work, while the materials do not set out a complete valuation or buyer-selection methodology.[2]
Which recent comparable transactions match the owner's line of business, geography, and size?
The official archive identifies insurance-sector assignments across numerous U.S. states, while the services page does not publish a universal transaction-size threshold.[2][3]
How are conflicts handled when the firm has worked with repeat buyers?
The sources identify transactions involving repeat counterparties, including multiple assignments involving ALKEME Intermediary Holdings, LLC, but do not state a conflicts policy.[3]
Does the firm provide any securities-related services through an affiliated or separately registered entity?
The homepage footer states that Sica | Fletcher LLC does not underwrite securities, advise on securities, or effect securities transactions for the account of others, while the homepage footer does not identify firm-level broker-dealer or investment-adviser registration status.[1]
What post-closing transition and rollover-equity support is provided?
The services and transaction sources describe advisory and transaction roles but do not establish the scope of post-closing transition or rollover-equity support.[2][3]

Sources & research notes

Public-source research
  1. Official website / firm overview
  2. Services / capabilities
  3. Industry / market focus
  4. Transaction / portfolio evidence
  5. Transaction / portfolio evidence
Prepared and reviewed by: Auxo Capital AdvisorsEvidence standard: Public-source verification

How this profile was researched

Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.

Independent profile & regulatory context

Independent research profile

This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.

Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.

Broker-dealer and securities disclosure

Auxo Capital Advisors is an affiliate of Weild & Co., Member FINRA | SIPC. Securities-related activities and securities transactions are conducted through Weild & Co.

Nothing contained on this page constitutes an offer to sell, an offer to purchase, or a solicitation of an offer to buy or sell any security, investment product, or financial instrument. Nothing on this page constitutes investment advice, a recommendation regarding any security, or a recommendation to enter into any transaction with the profiled firm or any other party.

Any securities transaction, capital-raising engagement, investment-banking engagement, or other securities-related activity involving Auxo Capital Advisors or Weild & Co. is subject to applicable regulatory requirements, internal review and approval, suitability and other applicable diligence requirements, and the terms of a separate written engagement or transaction agreement, as applicable.

Inclusion of a third-party firm in this directory does not imply affiliation with, sponsorship by, endorsement by, or any other relationship with Auxo Capital Advisors or Weild & Co. unless expressly stated otherwise.