Odyssey Investment Partners Invests In SIAA
Odyssey Investment Partners has partnered with the management of SIAA, a U.S.-based alliance of independent insurance agencies, to acquire the Company. SIAA’s Chairman and Founder, Jim Masiello will step away from the organization and Matt Masiello, CEO, will continue to lead the organization along with the rest of the SIAA management team.
Jeff Moffett, Managing Principal at Odyssey, stated, “We are excited to partner with Matt and his team to invest in and accelerate the growth of SIAA and the independent agent channel. Building on the decades of success Jim, Matt and the SIAA team have achieved, we share a common vision for the potential of SIAA and its alliance partners.”
At year-end 2020, SIAA reached $9.6bn of total in-force premium, up from $8.9bn at YE 2019. SIAA also signed 527 new member agencies last year, the second highest number in the history of the company.
Odyssey was advised by Piper Sandler.
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