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It’s a big drop. One of the biggest drops in years. OPTIS Partners — a firm that tracks insurance agency and company mergers and acquisitions — said the first quarter of 2022 saw them drop by 14%.
That’s huge.
In the first three months of 2022 OPTIS said there were just 149 deals. While in most years the first quarter is slow, this year quarter one saw the lowest number since 2016.
OPTIS partner, Steve Germundson said the 149 deals is also 7% below the five-year average. “The decline is not surprising because the fourth quarter of 2021 was frenetic, with 384 deals. Deal-makers usually take a short-lived breather after busy year-end activities, and seller inventory is shrinking,” Germundson said.
Source link: PropertyCasualty360.com — https://bit.ly/3kV8x7i |
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