Insurance agency M&A volume dips 12% as buyer pool shrinks

BroadStreet Partners, a private equity and hybrid broker, led buyers with 69 acquisitions, down from 90 in 2024. Hub International followed with 49 deals, compared with 61 a year earlier, and Inszone Insurance Services completed 45 transactions, down from 48. Leavitt Group was the only privately held broker in the top 10, announcing 29 deals in 2025.