As we enter 2020 and a whole new decade, we are reflecting on the factors that have affected insurance agency sellers in 2019. In our role as an M&A firm specializing in the independent insurance agency space, Springtree Group recommends…
There’s no denying that the insurance market is hot; insurance agency acquisition events are breaking records and 2020 looks like it will continue this upward trend. If you’re looking toward retirement, or otherwise considering exiting the insurance space, the current…
Buyer’s remorse is something we all want to avoid. When you’re investing hundreds of thousands or millions into a high-level opportunity like an independent insurance agency, the stakes are even higher. Today we’re sharing tried-and-true tips on how to avoid…
In order to secure a top bid when you’re ready to sell your independent insurance agency, focusing on profitability is key. Two agencies of comparable size carrying contracts with the same carriers can sell for significantly different amounts based on…
When selling any business, timing is key. To maximize your potential profit, selling your agency in a strong market is always ideal. Predicting recessions is tricky, but here are some facts: The US has seen 12 recessions from 1945 to…
The private insurance market has a blind spot. Owners and agents are aging, but fewer than half have a perpetuation plan in place. The following 5 Keys to Successful Perpetuation Planning will help you create a plan that will facilitate…
Most small business owners consider selling their ventures at least twice in their first decade of operation, and challenging fields like insurance are no exception to the rule. If you’re trying to determine whether this is the right time to…
Over the past several years, demand for insurance agencies has been growing steadily. While this is excellent news for would-be sellers, buyers must find the right balance between scrambling to place a competitive offer quickly and doing their due diligence….
Once you have decided to move forward with selling your insurance agency, it can seem like the most difficult part of the process is finding a qualified buyer. However, you may find that negotiations are often where the challenge truly…
There are many different reasons why insurance agency owners may choose to sell a successful business, which means there are also an equal number of potential Merger and Acquisition (M&A) strategies. Simply wanting to leave the industry or to focus…