NEWS RELEASE
Contact: Thomas J. Sukay
610-420-5901
[email protected]
Sukay & Associates Represents New Day Underwriting Managers, LLC in its Sale to Ryan Specialty Group, LLC.
(February 26, 2018, Naples FL.) – Tom Sukay, CEO of Sukay & Associates announced that the firm acted as the financial advisor for New Day Underwriting Managers, LLC (“New Day”) in its sale to Ryan Specialty Group, LLC (“RSG”). New Day is located at 2465 Kuser Rd., Suite 202 Hamilton, NJ. Local operations will continue under the leadership of New Day President Jefferey S. Lejfer.
Tom Sukay stated that “New Day is a Specialty Intermediary that has a unique approach to serving the needs of its retail broker clients and their customers. New Day does not fit into the typical wholesaler model. New Day and its Executive Management team of Jefferey Lejfer, Jeffery Slivka and Tim Farrell have an outstanding reputation and we were proud to have been selected as their financial advisor for this transaction. Our relationship began formally in 2014. During the last three plus years, we have come to admire the New Day business model and the shareholders of New Day. The unique nature of New Day as a Specialty Intermediary made this an exciting and professionally challenging assignment. We also enjoyed our interactions with Pat Ryan and the team at RSG and hope to leverage this experience and relationships to expand our advisory work within the Wholesale Brokerage industry.”
Jefferey Lejfer commented on Sukay & Associates, “New Day’s reputation made it desirable to be represented by any of the advisors serving our industry. We selected Sukay & Associates for two primary reasons. First, after several early meetings it was clear that John Biasiello and Tom Sukay were two individuals that would be able to understand and communicate our unique business model. Secondly, they have an unmatched reputation for integrity and effort. We felt that they would be easy to work with and would be personally involved in each phase of the engagement. They were extremely organized throughout the process and never hesitated to help in any phase of the engagement including the due diligence and the execution of the legal contracts. We are extremely pleased with our decision to hire Sukay & Associates and look forward to continuing that relationship over the next several years.”
Sukay & Associates was founded in 2003 to provide advisory services to the insurance brokerage industry.
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