We are proud to provide this excerpt from the October 2017 edition of the Independent Agency Sales Alert publication, which is provided free to Springtree Group (STG) Registered Buyers. Our sources for potential opportunities come through our in-house research group, custom built out-bound telemarketing programs, and direct contact by sellers. This pipeline 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 for insurance agencies continues to push upward with strengthening multiples and robust activity. The seller’s market for independent agencies is still prevalent, and we have also noted a firming trend in the market for Captive shops in the last six months. Private Equity continues to be a strong driver of the strength, with nearly 80% of the larger reported transactions coming from PE backed firms.
The listings below are just a few of the many independent insurance agencies for sale discovered through our research or provided to us during the last 30 days. Upon request we will provide our clients access to previous month’s and off cycle listings.
SHOP D: East Texas – This is a well- established and robust 100% standard P&C shop. The buyer of this shop will have a market dominate position in this region. This deal will likely go to a buyer that has financing secured. “A” rated carriers, 9 employees and possible seller paper. Reported Revenue $1MM+ / Reported Premium $10MM / Asking $2.4MM.
SHOP H: Prescott, Arizona – Long standing independent Agency with a focus in Medicare supplement and Health insurance. Current carriers include BCBS, United Healthcare, Mutual of Omaha, Humana, CSO, Aetna and more. Estimated Revenue $115K / Asking Price $112K.
SHOP J: 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 in Michigan, Florida, Arizona, Georgia, and elsewhere across the United States. Being associated with 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.