We are happy to share our second publication of Springtree Group’s Insurance Agency Sales Alerts for 2022. Our buyers continue to be enthused about the positive impact to their organizations that buying opportunities present, principally because of four critical motivations:
- Gaining critical mass, enhancing commissions and bonuses with their carrier markets
- Entering new geographic market areas
- Backfilling organic growth gaps and adding new insurance markets
- Better operating efficiency and utilization of specialty resources
Springtree Group finds these potential opportunities for you via our information about broken financing deals and our outreach research group. Our pipeline is supplemented by our network of consultants, attorneys, CPAs, bankers, DOIs, PEGs, and direct contact by sellers. We are proud to provide you with the broadest insight available into new agency buying opportunities in the insurance space.
Through our research programs, we’ve selected three sample agencies for sale to share with you today. Keep in mind that this is just a small sample of agencies for sale that we can match you up with. There are many agencies all across the country for sale right now, and more will be hitting the market every day.
SHOP B: Virginia: This family-owned and operated independent mixed practice agency is now for sale. The agency has a focus on Medicare, senior products, and some P&C. Seller only interested in buyers that have Medicare experience. Markets include Aetna, Cigna, United Health, Humana, and many more. The agency has 4 agents (including the 2 owners), 2 CSR’s and 1 part-time employee.
Reported Revenue: $563K / Asking Price: 2.5X / Tracking Code: DVACN
SHOP G: Michigan: Here we have a 20-year-old independent health insurance agency located in Michigan that sells Group & Individual Health, Medicare Supplement/Advantage, and ancillary products. The primary carriers include BC/BS, Meridian Care, Priority Health, Delta Dental, United Health, and more. The agency has one employee who would like to continue with the new owner.
Reported Revenue: $189K / Asking Price: 2.4X of Revenue / Tracking Code: SMIJS
SHOP H: Missouri. Price Reduction! An independent P&C agency with a heavy focus on Commercial Trucking Insurance is now for sale at a reduced price. This agency is located south of St. Louis and holds appointments with Travelers, Progressive, Sagamore, Northland, and more. The agency has one long-standing employee who is interested in staying on with the new owner and one of the owners is willing to stay on to assist with the transition.
Reported Revenue: $220K / Asking Price: 2.5X / Tracking Code: DMOIV
Working with STG means you’ll have access to the strongest array of M&A and financial tools and services available to support your acquisition, perpetuation, and operational needs. Please note that we serve customers in North America, South America, Europe, Africa, and the Bahamas. Please email Service@SpringtreeGroup.com for more information on the agencies listed in today’s Alert or for our full list of agencies for sale.
