We are pleased to present this month’s Insurance Agent and Broker buying opportunities. The listings below represent a small sample of some of the new independents provided to us during the previous month. Having access to sellers can be difficult, because open exposure of the desire to sell can be a concern for sellers, due to the impact this information could have on markets, employees, clients and the competition. As reported by our strategic partners Marsh, Berry & Company, Inc., only 15% to 25% of all deals are known to the public.
We continue to develop our group of nearly 5,000 business intermediaries to provide seller leads. We also access our network of consultants, attorneys, CPAs, bankers, DOIs, Web services, VC and private equity firms in an effort to provide you with insight into new buying opportunities in the insurance space. For more information or to request a complete list of buying opportunities, please call Springtree Group at (972) 395-8811.
SHOP A: Salt Lake City, Utah — $483K Reported Revenue / $500K Asking Price. 12-year old wholesale Life Insurance brokerage operation, licensed in 45 states. Five employees, 35+ carriers and over 400 clients. Easy transition from the current owner who is retiring. Specializes in impaired risk life insurance. This deal includes $200K of receivables. These are hard to find and this is a great asking price. Call for details.
SHOP B: Orlando, Florida — Asking Price $135K / Reported Revenue $89K. This is an accident and health book predominantly Medicare Supplement. Very specialized and local. Call for details.
SHOP E: Northern California — Employee Benefit agency. Asking Price $1.2M / Reported revenue $479K / Reported adjusted net $423K. Seller will provide support in the transition with over 130 group policies in California. Strong opportunity to cross sell current benefit clients. Call for details.
SHOP G: Salem, Oregon — Independent non-standard insurance agency with the majority being Auto. Asking price $175K / Reported revenue $120K. Priced reduced recently from $230K. This is an estate sale. Call for details.
Being associated with Springtree Group provides you access to the strongest array of financial tools and services available to support your acquisition, perpetuation and operational needs in any part of the U.S. Please call (972) 395-8811 for additional information on services and opportunities.