2019 is off to an active start in terms of the Mergers & Acquisitions market, and we are very optimistic at Springtree Group that the positive trend will continue throughout the year. Late 2018 demonstrated that the M&A market was gathering steam, and the end-of-year momentum (due to a more relaxed regulatory climate and increased cash reserves) shows no signs of slowing down.
As we look back over 2018, we acknowledge that it was a very active year within the M&A market. Taking the past year’s trends into account, we predict that there is still room for even more increased activity to occur within the market in 2019. As the economy grows more and more favorable, the need for a number of different types of insurance also continues to grow. Now is an ideal time to take a leap of faith if you’ve been considering buying an independent insurance agency.
If you’ve landed on this Agency Listings post, you’re obviously giving serious thought to jumping into the insurance industry. Your options can be overwhelming, which is why we curate a list of available insurance agencies on a twice-monthly basis. Springtree Group will help you determine which agency is the best fit for you. We are a team of insurance industry specialists serving the agency and brokerage community. We make it easy to find an active agency for sale that works for you and your budget. Included below is a small sample of new listings. Upon request, we will provide Registered Buyers with access to previous monthly and off cycle listings.
SHOP A: Metro Phoenix, Arizona: Now available for purchase in Metro Phoenix, AZ is this highly desirable full-service shop. With fifteen years under its belt, this agency is focused on personal lines, with 60% standard and 40% non-standard insurance products. Seller is moving toward retirement but would like to stay on as a producer if needed. This agency has business and direct appointments with Progressive, Travelers and Foremost. Reported revenue $30K / Asking price 2X of reported revenue.
SHOP C: South Texas: A general lines home and auto P&C agency, this business is highly desirable. Located in South TX for the past fifteen years, this agency has business and direct appointments with Progressive, Texas General, Texas Windstorm, Gainsco and National Lloyds. Walk-in traffic is abundant and continues to grow year after year. 70% standard lines. Reported revenue $150K / Asking price 2X of reported revenue.
SHOP F: Maryland: This 30-year-old independent company is a leader in the employee benefits TPA space. As an agency that designs and administers benefit plans for employers and associations, this significant practice provides Section 125 cafeteria plans, payroll deduction services, short and long-term care and self-insured medical, dental and vision plans. Domiciled in Maryland and licensed in all states in which there are active customers, this agency has seven employees, with products being distributed through insurance agents and brokers. Reported net income $550K / Asking price 2X of net.
At Springtree Group, we are very enthusiastic and excited by the number of new listings in the independent insurance agency space. Please note: this listing publication is merely a sampling of the agencies that we can share with you. To learn more about listings in Arizona (Mesa), Texas (Houston & San Antonio), Southeast South Carolina, Southern California, multiple listings in Western Florida and more, shoot us an email at Sam@SpringtreeGroup.com.