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…
When exploring your options for selling your business, it’s important to think about how the sale will impact different stakeholders in your company. Your dedicated team has helped you make your business the success that it is today. The…
After a long and successful career, many owners of independent insurance agencies decide they want to sell their business. Changing life circumstances like retirement or health issues and shifts in business interests can affect an owner’s desire to sell….
Selling your insurance agency requires a lot of careful planning and patience. It can take months to find qualified buyers, allow them to review your agency, and to arrange financing for the transaction. While it may take time to sell…
Technology in the insurance industry is changing at breakneck speeds. This shift is affecting insurance agencies from all sides. Every aspect of daily life is now influenced by technology. Insurance companies are not exempt from this fast-paced transition. The…
Mergers and acquisitions amongst insurance agencies continue to grow. That’s great news whether you’re buying or selling. However, the deal of the decade isn’t worth the paper it’s written on if it’s poorly executed. Business ventures such as these require…
Whether you currently own an insurance agency or are considering acquiring an existing agency, this is a great time to be involved in the industry. Several contributing factors, including beneficial legislation, macroeconomic conditions, and a hard market resulting in increased premiums, have been catalysts to a continued growth in the insurance industry for many agencies nationwide.
When considering the sale of their brokerage, most insurance agency owners focus on the valuation of the business and finding a qualified buyer for the transaction. Understandably, their primary objective is to pocket as much profit on the sale of…