Fairview Insurance Agency Associates, a politically influential New Jersey firm, has forged a partnership with a Florida-based company, Foundation Risk Partners.
Fairview is headed by John F.X. Graham, a Democratic National Committeeman and an influential fundraiser.
“I cannot think of a better way to celebrate the 50th anniversary of Fairview Insurance than to convey our commitment to the highest standards of client services through the expansion of our business,” Graham said. “My family and I have grown Fairview into one of the premier insurance agencies in the state of New Jersey. Consequently, at this time in our long history of serving thousands of clients, we are excited to announce we are joining Foundation Risk Partners, a leading national insurance brokerage.”
Graham and his sons, Ryan and Michael, have built a large insurance brokerage with a stable of public entity clients since forming the company in 1970.
“By joining the family of agencies that comprise Foundation Risk Partners, we will enhance and complement our respective service capabilities, which will allow us to expand the scope of our operations,” Graham said. “Together, it will be our continued mission to exceed the expectations of our clients and ensure that the organizations who depend on us are guided through these challenging times, and will continue to receive the care and attention that they deserve.”
Foundation Risk Partners is run by Charles Lydecker, a former Brown & Brown executive who formed the start-up in 2017 and has made a series of acquisitions and partnerships that had revenues north of $150 million in 2019. That represented an increase of more than 100%.
According to Dowling Hales, an insurance industry advisory firm, Foundation Risk Partners in the 30th largest insurance brokerage in the U.S.
“Fairview Insurance has a long and highly credible history of insurance excellence that complements our growing portfolio extremely well,” said Lydecker, President “This is a sound investment for Foundation Risk Partners. We have the infrastructure, expertise and solutions to deliver critical guidance to clients, helping them mitigate risk and control costs. We look forward to working closely with the Graham family and their associates to continue building upon the tremendous success they have realized over the last 50 years.”
Graham thanked his clients for trusting them over the last 50 years.
“I can’t wait to get to work tomorrow,” he said.