Mystic Capital Advises Resolve Insurance Group on its sale to Afore Insurance Services

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Overview of Transaction

  • Afore Insurance Services acquired Resolve Insurance Group, a Virginia-based specialty insurance brokerage with extensive expertise in marine, commercial, and specialty lines, giving Resolve a scaled national platform to boost its next growth phase.
  • As part of the deal, Resolve’s founder and president, Christopher G. Burns, was appointed Senior Vice President and National Marine Practice Leader at Afore, ensuring leadership continuity while significantly increasing his scope and resources.
  • The transaction aligns Resolve with a well-capitalized, strategically aligned buyer that is dedicated to investing in people, technology, and specialty verticals.

 Significance of Transaction

  • The partnership gives Resolve immediate access to Afore’s national distribution, carrier relationships, and operational infrastructure, enabling Resolve to better serve existing clients while pursuing larger and more complex accounts.
  • Resolve gains the ability to scale its marine and specialty practices nationally, transforming what had been a strong regional franchise into a platform with true national influence and growth potential.
  • By joining Afore, Resolve secures long-term succession planning, capital for organic and acquisitive growth, and a permanent home for its brand, people, and client relationships.
  • For Afore, the acquisition adds a highly respected specialty brokerage with deep marine and commercial expertise, strengthening its national marine practice and accelerating its expansion across the Mid-Atlantic and coastal markets with an experienced leadership team and established client relationships.

Mystic Capital’s Role

  • Mystic Capital served as Resolve’s exclusive financial and strategic advisor, helping the company articulate its growth story, position its differentiated marine and specialty platform, and identify the optimal partner for its next chapter.
  • We ran a targeted, competitive process that maximized valuation, preserved management continuity, and delivered a strategic buyer aligned with Resolve’s culture, client-first approach, and long-term vision.
  • This transaction underscores Mystic Capital’s extensive expertise in the specialty insurance space and its successful track record advising founder-led retailers.

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