Although insurance agency M&A activity experienced an almost 16% decrease compared to this time last year, it’s not an indication of a downward trend but reflects the record-breaking stats of last year.
Overall the numbers are still trending upwards and OneDigital’s second quarter saw the third most merger and acquisition activity in the industry, along with two other brokers, as described in the article “Insurance Agency M&As Reach Second-Highest Total on Record” by Employee Benefit Adviser.
In total, there were 135 deals reported for the second quarter, compared to 147 in 2017, according to OPTIS Partners’ M&A database.
Agencies offering both employee benefits and P&C accounted for 27% of the deals made in the first half of 2018 whereas, sellers like OneDigital, working in the employee benefits only space, accounted for 24% of the 280 sales made in the first half of 2018.
In a report earlier this year, Employee Benefit Advisor ranked OneDigital 13th on a list of top 50 benefit brokerages of 2017 in the large group market, showing an 86% growth year-over-year.