Independent Agencies Sales Alerts – March 2019 Edition

Finding the right insurance agency to purchase can be difficult because the majority of agencies for sale simply aren’t listed publicly. While this can make acquiring an agency a bit of a challenge, the process is a lot easier if you work with an intermediary like Springtree Group.

As a Registered Buyer with STG, you will be the first to know when new agencies become available. Our outreach teams are focused daily on gathering information about every insurance agency that is ready for acquisition. In addition to our outreach team, our company leaders network on a daily basis with our professional network, which includes experienced CPAs, financial advisors, lawyers, DOIs, PEGs, and even agency owners themselves who are looking to sell.

Springtree Group’s narrow focus allows us to hone in on the one thing our buyers are interested in. We make it our goal to be the first to know when an agency is available for purchase, and we often know when an agency owner first starts to think about selling. When you team up with STG, you’ll also be the first to know.

Remember: even if you find the right agency today, the financial process of making the sale official often takes months, so act quickly in order to own your new agency by early summer.

Today’s post includes three new listings on Springtree Group’s radar. Upon request, we will provide Registered Buyers with access to our full list of agencies for sale as well as all available previous monthly and off cycle listings.

SHOP A: Southern California: This agency is located in a highly desirable area. It has a long-standing solid reputation with a transportable book and no overhead expenses. This is a pure book buy with no expenses located in the Southern California region. Their current carriers include Mercury, Progressive, Foremost, Infinity, Kemper and Dairyland. The book of business is made up of 1300 clients and is a mix of homeowners and auto insurance policies. This would be easy to fold into your current agency. Reported Revenue $100K / Asking Price 2.5X of Revenue. Tracking Code: DCALC

SHOP F: Western Florida: Here we have a multi-location general agency located in Western Florida. This agency has been writing insurance policies since 1983, as well as selling medical and P&C products. The bulk of the business is in Medicare supplement and advantage business. There are currently 19 sales agents. The agency holds carrier appointments with Blue Cross Blue Shield, Heritage, Progressive and more. Reported Revenue $2,350,000 / Asking Price 2X of Revenue. Tracking Code: DFLBW

SHOP H: Maryland: This 30-year-old independent company is a leader in the employee benefits TPA space. They’ve built a significant practice that designs and administers benefit plans for employers and associations. Specifics include: 125 cafeteria plans, payroll deduction services, short- & long-term care and self-insured medical, dental and vision plans. The agency is domiciled in Maryland and licensed in all states in which there are active customers. There are currently seven employees, with products being distributed through insurance agents and brokers. Reported net income $550K / Asking Price 2X of net income. Tracking Code: DMDBS

REMINDER: This publication is only a sample of the agency listings we can share with you. Learn more about insurance agencies for sale in the following areas: Kansas City Metro, Southcentral Kansas, Southeastern California, Lakewood California, Western Florida, Southwestern Florida, Southwestern Oregon, and more, by simply emailing