Welcome to the second edition of the STG Insurance Agent Sales Alerts for 2018. Our middle market Registered Buyers continue to be enthused about the positive impact to their organizations that buying opportunities present, principally because of four critical motivations:

  • Gain critical mass, enhancing commissions and bonuses
  • Enter new geographic market areas
  • Back-fill organic growth gaps and add insurance markets
  • Better utilize operating efficiency / specialty resources

The process to find and complete a transaction often takes months. So, if buying an insurance agency is in your business plan for 2018, we recommend that you consider starting the procurement process now.

The listings below are a small sample of some of the new independents discovered through our research, changed from previous months or provided to us during the last 30 days. Upon request we will provide our Registered Buyers access to previous month’s and off cycle listings.

SHOP A: San Jose, California – This agency is located on a busy corner in the highly desired city of San Jose, CA. This agency is a full service agency with a book of loyal clients. The owner prides himself on building the business from the ground up and continues to maintain a high retention rate. Markets include Mapfre, Safeco, Progressive, Stillwater and Nationwide. Asking Price $300K / Reported Revenue $130K.

SHOP B: Southeastern California – An established, very stable full-service agency is now available for sale. Product offerings include P&C, Life and Health Insurance. The agency has been doing business since 1980 and consist of 60% preferred and 40% non-standard lines. Top markets include Foremost, Dairyland, BCBS, Cigna and more. Asking Price $320K / Reported Revenue $181K.

SHOP C: Metro LA, California – A stable independent book of non-standard insurance. Some commercial, but majority is personal lines business. The agency is licensed and in good standing in the state of California. Markets include National General, Infinity, Bristol West and others. This agency would be ideal for buyer to step in and provide direct leadership and vision to grow and profit from. Asking Price $170K / Reported Revenue $120K ($45K fees).

Additional opportunities are available from El Paso to Denver and from Miami to St. Louis. Our source for potential opportunities for you come through sell side intermediaries, broken financing deals, telemarketing activities and the STG out-reach research group. Our pipeline is supplemented by our network of consultants, attorneys, CPAs, bankers, DOIs, PEGs and direct contact by sellers. STG provides you with the broadest insight available into new agency buying opportunities in the insurance space.

Being associated with STG also provides you access to the strongest array of insurance related M&A services, agency lending tools and financial services available to support your acquisition, perpetuation and operational needs in any part of North America. Please call (972) 395-8811 or contact us online to learn more about the services and opportunities we offer.