A Leading Investment Firm Specializing
in Insurance and Financial Services Businesses

In our Mergers & Acquisitions Advisory business, Philo Smith & Co. provides advice tostock and mutual insurance companies, insurance agencies and brokers, and other financial services companies in mergers and acquisitions, mutual company affiliations, valuations/fairness opinions, equity and debt financing, and strategic planning. The firm is able to provide clients with valuable advice given its specialized knowledge, experience, and extensive relationships with insurance and other financial services companies in the United States and and abroad. These companies have engaged the firm in a wide range of corporate finance assignments.

Over its 40+ year history, Philo Smith & Co. has become well known for its merger and acquisition advisory work. By helping buyers find appropriate acquisitions and sellers find suitable buyers, Philo Smith & Co. has established an exceptional track record of success. Historically, the firm has concentrated on transactions in the $2 - $500 million range. In recent years, Philo Smith & Co. has been increasingly active in advising retail insurance agencies, wholesalers, MGAs, MGUs, and program administrators on value maximizing transactions. The firm has also established itself as the advisor of choice for smaller to medium sized mutual insurers seeking alternatives for strengthening their capital position. This has included forming down-stream stock companies, raising surplus notes, and negotiating mutual company affiliation agreements.

Philo Smith & Co. uses its research capability, business Valuation skills, and long-term experience in corporate finance to evaluate merger and acquisition candidates and opportunities. The firm believes that its Research, Investment Management, and Corporate Finance activities have allowed Philo Smith & Co. to create a network of relationships that enable it to identify, engineer, and execute mutually beneficial combinations of companies. As a financial advisor, Philo Smith & Co. provides financial performance data and analysis of comparable companies and transactions, reviews of industry mergers and acquisitions, and evaluates the fairness of proposed transactions.

Client relationships are essential to the firm's corporate finance activities. By giving constant attention to the needs of clients, Philo Smith & Co. has been successful in cultivating lasting and productive long-term relationships.