Mergers & Acquisitions Up Through Quarter 3 of 2024

MarshBerry said in the first three quarter of 2024 there have been 490 mergers and acquisitions. That’s up from 454 in the same three quarters a year ago. Private capital-backed buyers had 358 of them — or 73.1%.

That compares to 59.3% of capital-backed buyers in 2019.

Independent agencies did 83 of the 490 deals. That’s 17% of the M&A pie and is up from 15.6% in 2023.

MarshBerry says the number of banks involved in mergers and acquisitions continues to drop. So far this year there have been four. In 2022 there were 18.

Specialty brokerage deals averaged 18% from 2018 to 2023. So far this year there have been 82 of them. That’s 12.7% — down 5.7% from last year.

BroadStreet Partners had the most deals at 51. That’s 10.4% of the total. Inzone Insurance Services had 38 deals or 7.8% and Hub International did 33. That’s 6.7%.

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