Welcome to the July edition of the STG Insurance Agent and Broker Sales Alerts. Activity for this time of year is average. We are still in a seller’s market for the acquisition of agencies.

The listings below are a sample of some of the new independents provided to us during the last 30 days. Our clients have access to previous month’s listings upon request.

The most effective tactic in acquisition target development is a multi-level and joint endeavor, using the national approach that STG provides in concert with the “boots on the ground” local market intelligence that only the client has access to. STG provides clients additional tools to access the 90% of the sellers that are not openly and publicly communicating their intention to sell. Search tools for this hidden market include direct mail campaigns, social media blurbs, email campaigns and others.

SHOP A: Bexar County, Texas — This is a non-standard auto agency with multiple locations which also offers tax prep services. ITC Turbo rater. Agency Matrix management system. Asking Price $735K / Reported Revenue NA. Carriers include ACCC Gen Agency, American Access, United Auto, Aggressive, Hallmark, Texas All Risk, Newport/American SW. Employees willing to stay for all locations. Clean E&O. Also available without tax prep services for $510,000.

SHOP B: Montreal, Quebec — 4 year old Managing general agency for life insurance and segregated funds for sale. Asking Price $425K / Reported Revenue 250K -$500K. Includes office equipment, information technology, phone system, staffing and database. The business can be relocated.

SHOP J: Camarillo, California — A 30 year old Independent P&C Insurance Agency. Asking Price $1.5M / Reported Revenue $550K which includes $100K in broker fees. 90% Auto policies.  Appointments include Mercury, CSE, Hillstar, Unitrin, Commerce West, Bristol West, McGraw, Progressive, GMAC, and Infinity.

SHOP O: Orange County, Florida — Independent Personal Lines Agency. Asking Price $245K / Reported Revenue $130. 50% homeowners / 50% auto. Top markets include Progressive, Infinity, Mercury, St Johns and Universal. Paperless office with networked server.

STG provides a complete list of insurance agencies for sale each month to our M&A service package clients. You must contract with Springtree Group to receive this listing. Being associated with STG provides you access to the strongest array of M&A and financial tools and services available to support your agency acquisition, perpetuation and operational needs in any part of the U.S. Please visit our website for additional information on services and opportunities. Please call (972) 395-8811 for additional information on our services, including agency financing programs, and new buying and selling opportunities.