Mystic Capital Advises Specialty Brokerage Services LLC on its sale to Integrated Specialty Coverages (ISC)
Overview of Transaction
- Integrated Specialty Coverages (“ISC”), a multi-line managing general agent (MGA) known for its end-to-end insurance products and data-driven underwriting, has completed the acquisition of Specialty Brokerage Services LLC, a specialty insurance wholesaler based in Lewis Center, Ohio.
- Founded by Tricia Johnston and Brian Bowerman, Specialty Brokerage Services, led with deep expertise across commercial and personal lines, joins ISC’s platform, creating broader product access and distribution capabilities for its agency partners.
- Specialty Brokerage’s experienced team and differentiated product portfolio will continue to operate within ISC’s platform, leveraging broader resources while maintaining its client-centric service model.
Significance of Transaction
- For Specialty Brokerage, alignment with ISC unlocks access to a nationally scalable MGA platform that enhances product accessibility, operational technology, and underwriting capabilities — empowering the brokerage to expand service offerings and grow its agent network more rapidly.
- The combined platform enables Specialty Brokerage’s clients to benefit from more competitive markets and streamlined digital processes, improving turnaround times on quotes, binding, and servicing across a broad set of lines.
- For ISC, the acquisition brings a well-regarded, experienced brokerage team and diversified product portfolio into its ecosystem, strengthening program breadth and enhancing value delivered to carrier partners and distribution channels.
Mystic Capital’s Role
- Mystic Capital served as Specialty Brokerage’s exclusive financial and strategic advisor, helping management define its long-term growth vision and identify a partner capable of scaling the business nationally.
- This transaction underscores Mystic Capital’s leadership in the specialty insurance space and its successful track record advising founder-led wholesalers.
https://www.iscmga.com/isc-expands-wholesale-division-with-additional-staff-markets-and-products/