Welcome to the October edition of the Independent Agencies for Sale Bulletin from STG. Our sources for potential opportunities for you come through our ever-growing group of more than 5,000 sell-side intermediaries, broken financing deals, and our research activities. This pipeline is supplemented by our network of consultants, attorneys, CPAs, bankers, DOIs, and PEGs, as well as by direct contact from sellers. STG provides you with the broadest insight available into new buying opportunities in the insurance space.
The listings below are a sample of some of the new independent agencies for sale discovered through our research or provided to us during the last 30 days. Upon request, we provide our clients access to previous month’s and off cycle listings.
SHOP A: Las Vegas, Nevada — A twelve-year-old independent supplemental services (life, health and disability) and commercial workers compensation product agency is for sale. Agency management system in place and direct carrier contracts. Major cross selling opportunity. Asking Price $225K / Reported Revenue $185K.
SHOP D: South East Florida — An established independent insurance book for sale. 90% of the book is auto insurance of which 80% is non-standard. Carriers appointments include Ocean, Progressive, United, Universal and Mercury. This book can be relocated. Good bolt-on to an existing agency. Asking Price $275K / Reported Revenue $193K.
SHOP G: North Texas — This independent agency was listed earlier this year and was under contract. The deal fell apart last week and the seller has placed the agency back on the market. Outstanding Metroplex location. 60% standard and 40% non-standard personal lines. 5% is commercial business. Direct appointments with over 100 carriers but primarily write through 15. Asking Price $569K / Reported Revenue $254K.
SHOP H: Kansas City, Missouri — An eight-year-old independent standard lines commercial book of business for sale. Focus on preferred commercial lines. Phone numbers, domain name and Website are included. Excellent bolt-on for a current Kansas City operator. Reported Revenue $14K / Asking Price $28K.
We believe that the most effective tactics in acquisition target development include multi-level and joint endeavors, using a national approach in concert with our “boots on the ground” local market intelligence. Springtree Group provides clients with a number of additional tools to access the 90 percent of insurance agency sellers who are not communicating their intention to sell openly. For additional information on current listings of independent agencies for sale, or on other services and opportunities that we offer, please call (972) 395-8811 or contact us online.
