Welcome to the June 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 multilevel 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: Baton Rouge, Louisiana — A 9-year-old preferred P&C independent insurance agency. Reported Revenue $168K / Asking Price $335K. 65% Auto insurance. Great bolt on opportunity.
SHOP D: Pacific Northwest — Independent commercial P&C brokerage. Reported Revenue $142K / Asking Price $289K. Primary insurance carriers include Safeco, Progressive, MetLife, Hartford, Dairyland, and Liberty Northwest among others. The clientele is split equally between personal and commercial customers.
SHOP F: Suffolk County, New York — 30-year-old non-standard P&C agency. 75% personal auto. Reported Commission Revenue $110K / Reported Fee Revenue $40K (Total Revenue $150K) / Asking Price $170K.
SHOP M: Biloxi, Mississippi — Five-year-old independent mixed practice agency. Reported Revenue $100K / Asking Price $150K. Product offerings include P&C, surplus lines, excess, and health. Direct writer for a strong group of standard carriers.
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 acquisition, perpetuation and operational needs in any part of the US. 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.