August 30, 2024 – Cranford, NJ

Overview of Transaction 

• The Pearl Insurance Agency, Inc., is a highly regarded commercial lines-focused specialty Property & Casualty (“P&C”) insurance brokerage headquartered in Cranford, NJ. 
  
  
• After engaging Mystic Capital to assess its strategic options, Pearl decided to partner with King Insurance Partners, one of the fastest-growing top 100 national brokers.
  
  
• By aligning cultures and pairing synergies, the transaction delivered significant value for all participating parties.

Significance of Transaction 

• Given Pearl’s expertise in writing insurance for specialty wholesalers and marine cargo companies, the transaction expands King’s existing specialty commercial practice. It gives them a foothold in the competitive northeast market.

   

• The partnership with King gives Pearl broader market and carrier access, infrastructure, and a more comprehensive suite of service capabilities to offer its clients. The like-minded cultures will allow Pearl’s management to seamlessly integrate, immediately capture synergies and perpetuate the business. 

Mystic Capital Advisors’ Role 

• Mystic Capital acted as Pearl Insurance Agency, Inc.’s exclusive financial advisor. Our focus was on understanding Pearl’s unique culture and strengths and aligning them with a partner who shared their vision for the future.
  
  
• Through a collaborative process, various perpetuation strategies were evaluated before deciding on the sale to King.
  
  
• By leveraging Mystic’s deep industry expertise and strategic insights, a transaction was facilitated that delivered significant value for all parties involved. This deal underscores Mystic’s successful track record of achieving highly favorable outcomes for founder-led companies and its deep relationships with best-in-class insurance investors.