We are pleased to present this excerpt from the the November edition of Springtree Group’s Insurance Agent Sales Alerts. Our sources for potential opportunities for prospective agency buyers come through our in-house and external research groups, custom built outreach programs and direct contact by sellers. Our pipeline of independent insurance agencies for sale is supplemented by our large network of sell-side business brokers, industry consultants, attorneys, our lending underwriters and broken financing deals. STG provides you with the broadest insight available into new buying opportunities in the insurance space.
The M&A market conditions remain very active within the insurance distribution sector. All indications are that these tendencies should continue for the foreseeable future, as aggressive private equity-backed buyers continue to drive the market. It is also no secret that these trends are in turn, also driving up overall agency valuations.
The two listings below are a small sample of some of the new independents discovered through our research during the last 30 days and provided to Registered Buyers. Upon request, we will provide Registered Buyers access to previous month’s and off cycle listings.
SHOP A: Denver, Colorado – Agency has been doing business since 2014. Has a fantastic location with a lot of walk-in traffic and holds direct carrier appointments with Safeco, Progressive, Travelers, Kemper and more! Revenue has continued to grow year after year. Business is made up of 30/70 split on standard and non-standard auto business. The agency’s is approaching $4MM WAP / Asking Price $795K / Reported Revenue $350K ($115K fees).
SHOP I: Philadelphia Metro – Founded in 2005, this company is not specifically an insurance agency but an insurance expert referral service to attorneys, who need experts in insurance related litigation. The experts are all accredited and with extensive experience in insurance and the resolution of insurance cases. The Owner is flexible with the purchase arrangement and will absolutely consider a revenue sharing formula with a guaranteed income for the buyer. Reported 2016 revenue: $950K / Projected 2017 revenue is over $1million. / Asking Price TBD.
Additional opportunities currently exist nationwide, from Florida to California. STG 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 for additional information on services and opportunities.
