July 1, 2023 – Easton, PA 

Overview of Transaction 

• Based in Easton, PA, CYA is a commercial-focused property and casualty (P&C) insurance brokerage specializing in contractors and small independent businesses. It was founded by serial entrepreneur and second-generation agency owner Joseph Curzi.
• CYA engaged Mystic Capital to evaluate its strategic options, ultimately deciding to sell the business to Nottingham Insurance.  
• Established in 1917, Nottingham Insurance is a fourth-generation retail insurance agency and staple in the tri-state area. As a family-led and owned agency, Nottingham’s value proposition to partner agencies is distinct.

Significance of Transaction 

• The sale to Nottingham will allow CYA to materially expand its product, technology, and market access, along with the opportunity to cross-sell the acquiring firm’s Mainstreet clients. Nottingham gains a growing, low-risk book of business with a strong reputation in the local marketplace.
• Given both agencies’ complementary books of business, infrastructure, and cultures, the transaction allows Nottingham to quickly capture synergies and provides immediate revenue arbitrage in commission rates and contingent income – further bolstering its profitability and geographic footprint. 

Mystic Capital Advisors’ Role 

• CYA engaged Mystic Capital to reposition the Company amidst the rapidly evolving insurance landscape. Collectively, several strategies were evaluated before concluding with a sale to Nottingham. 

• Having advised both management teams on previous deals, this transaction underscores Mystic Capital’s deep local and regional insurance expertise, as well as its DNA of fostering trusted, long-term relationships.