National M&A activity so far this year trended slightly lower than average when compared over the last five years for independent agency sales. The seller’s market for independent agencies is prevalent with an ongoing buyer’s market in the captive arena.

Access to sellers can be difficult because open exposure of the desire to sell can be a concern for sellers due to the impact that information could have on insurance carriers (markets), employees, clients and the competition. Most consulting firms report that only 10% of all deals are publicly known.

Our biggest source for potential opportunities for you come through our ever growing group of over 5,000 sell side intermediaries, broken financing deals and our Web research activities. This pipeline is supplemented by our network of consultants, attorneys, CPA’s, bankers, DOIs, VC and PEGs. STG provides you with the broadest insight available into new buying opportunities in the insurance space.

The listings below are a sample of some of the new independents discovered through our research or provided to us during the last 30 days. Upon request we will provide our clients access to previous month’s and off cycle listings.

SHOP A: Las Vegas, Nevada — A six year old non-standard independent P&C agency is now for sale. The shop also produces tax prep revenue and DMV registration income. The primary insurance markets offered include: Infinity, American Access, UAIC and others. Asking Price $92K / Reported Revenue $43K.

SHOP C: Eastern Central Florida — A sixteen year old independent personal lines P&C agency for sale. There is also a small number of commercial lines policies in the book. The owner is retiring and desires a smooth transition for the book and his staff. The agency has direct contracts with A rated or better carriers that write in this part of Florida. Asking Price $600K / Reported Revenue $300K.

SHOP F: Southern California — A 40 year old independent 100% personal lines P&C insurance agency for sale. This agency is primarily a homeowners and auto insurance shop. The company has two offices and 10 employees. This shop is 95% personal lines. The primary insurance markets are offered through six major insurance companies. Asking Price $1.275MM / Reported Revenues $850K.

SHOP H: West Texas — A twenty year old very well established independent trucking lines insurance agency for sale. The principal client markets for the agency are Lubbock and Amarillo. The top insurance markets include Progressive, Berkshire Hathaway Colonial and others. Three full time employees. Asking Price TBD / Reported Revenue $500K.

Being a client of the STG provides entrepreneurs access to the strongest array of M&A, agency lending tools and financial services available to support acquisition, perpetuation and operational needs in any part of North America. Please call 972-395-8811 for additional information on services and opportunities or contact us online.