any advice, page-4

don't know much about dawes.

however, expect that it is a pretty good business and have never heard a negative word said about them. Don't have a GWP estimate, but would guess that it is around $20 million. Agencies of this size typically change hands for around $6 - 8 million but are actually worth double that to the acquirer due to the opportunity to underwrite rather than just operate as an agency. . . .all figures above are rule of thumb only. CIX did not report price.

It helps create scale for the CIX business, but means that there is less cash in the bank for an acquirer valuing CIX on balance sheet only.