Welcome to the second edition of the STG Insurance Agent Sales Alerts for 2017. Our middle market Registered Buyers continue to be enthused about the positive impact to their organizations that buying opportunities present, principally because of four critical motivations:
- To gain critical mass, enhancing commissions and bonuses
- To enter new geographic market areas
- To back-fill organic growth gaps and add insurance markets
- To better utilize operating efficiency / specialty resources
For those interested in buying an insurance agency, our list of potential opportunities comes through our ever-growing group of more than 5,000 sell-side intermediaries, broken financing deals, significant telemarketing activities and STG in-house research. This pipeline is supplemented by our network of consultants, attorneys, CPAs, bankers, DOIs and PEGs, as well as direct contact by sellers. STG provides you with the broadest insight available into new agency buying opportunities in the insurance space.
The process to find and complete a transaction often takes months. So, if buying an insurance agency is in your business plan for 2017, we recommend that you consider starting the procurement process now.
The listings below are a sample of some of the new independents discovered through our research, changed from previous months or provided to us during the last 30 days. Upon request we will provide our Registered Buyers access to previous month’s and off-cycle listings.
SHOP A: Columbia, Tennessee – A very well established Full Service 23-year-old independent Insurance Agency is now for sale. This is a stand-alone Commercial and Personal P&C (mostly standard lines) and Life and Health agency licensed to do business in both Tennessee and Alabama. Asking Price $325K / Reported Revenue $259K.
SHOP B: Knoxville, Tennessee – A deep rooted 30-year-old independent non-standard P&C agency is now for sale. This agency specializes in home and auto insurance, primarily personal lines business. All appointments are direct and include General, Progressive, Dairyland, Viking among others. Asking Price $250K (includes the office building) / Reported Revenue $120K.
SHOP C: Prescott, Arizona – This is a fantastic opportunity for a buyer to purchase a full service, independent, standard P&C agency in beautiful Northern Arizona. This independent agency was established in 1978 and has a strong focus in standard lines home and auto. Current direct carrier markets include: Progressive, Travelers, Mercury, Met-Life and Foremost, among others. Reported Revenue in excess of $50K / Reported WAP $500K / Expected Sales price TBD.
Additional opportunities currently are available across Texas, Missouri, New Mexico, Colorado, and California, among other regions. Being associated with STG provides you access to the strongest array of insurance related M&A services, agency lending tools and financial services available to support your acquisition, perpetuation and operational needs in any part of North America. For more information on services and opportunities, please call (972) 395-8811 or contact us online.