AHA Insurance Network has been acquired by Strategic Independent Agency Alliance
ABOUT THE TRANSACTION:
AHA Insurance Network (the “Company” or “AHA”) has been acquired by Strategic Independent Agency Alliance (“SIAA”).
AHA INSURANCE NETWORK:
Established in 1997 and headquartered in Louisville, Kentucky, AHA Insurance Network is a Master Agency in the SIAA network. AHA has over 150 members across three states (KY, IN, and TN). AHA’s vision is to see every independent agency thrive and reach its highest potential. Collectively, they aim to become the most sought-after partnership of next-generation insurance leaders.
SIAA & ODYSSEY PARTNERS:
Headquartered in Hampton, New Hampshire and founded in 1995, SIAA, a portfolio company of Odyssey Partners, is the largest alliance of independent insurance agencies in the country. The SIAA alliance concept began in 1983 with the creation of the first Master Agency, the Satellite Agency Network Group (SAN Group). Simultaneously, smaller independent agencies faced roadblocks due to their size, including low commissions and limited access to competitive carriers. The solution was to create a Master Agency providing market access and other services to help these agencies grow profitably.
By the mid-90’s, SAN Group had grown in membership and written premiums, enabling smaller member agencies to secure appointments and expand. Consequently, insurance executives and consultants encouraged SAN Group to replicate its success on a national scale. SIAA formed its national alliance in 1995 and replicated SAN’s multi-level partnership model in geographic markets across the country. Today, SIAA includes 48 master agencies covering all 50 states.
In April of 2021, Odyssey Partners, a middle-market private equity firm, acquired SIAA for an undisclosed amount. Since its inception, Odyssey Partners has raised over $8.2 billion in private equity capital. It targets middle-market companies across the nation with annual EBITDA between $20 – $100 million. So far Odyssey has invested in more than 50 platform companies and has completed an additional 200 add-on acquisitions.
Allston Advisory Group served as the exclusive financial advisor to AHA Insurance Network. Allston assisted AHA throughout the transaction process. This included preparing a valuation of the Company and assisting with deal term negotiations.
ABOUT ALLSTON ADVISORY GROUP:
Allston Advisory Group is an experienced mergers and acquisitions advisory firm serving lower middle market businesses throughout the United States. The firm provides sell-side advisory, business valuations, and exit planning services across diverse industries. Allston combines transaction expertise with personalized client service to help business owners maximize value and achieve successful outcomes.
For additional information on this transaction, please contact one of our advisors.
