Optis Partners: Agency M&A Deals Fell in 2023

USI acquires Texas agency

It appears the industry may be settling in to a new normal, or perhaps it’s returning to an old one, a year after the completion of the 25-month wave of deals that concluded at the end of 2022. The deal volume each quarter of 2023 was at or above each of the quarters before this rush of deals, according to Optis Partners.