Welcome to the May 2013 edition of the Insurance Agent and Broker Sales Alerts. Activity for this time of year is average and increasing.
The listings below represent a small sample of some of the new independent agencies and brokerages currently for sale. For more information or to request a complete list of buying opportunities, please call Springtree Group at (972) 395-8811.
Direct access to sellers is difficult because sellers open exposure of their desire to sell can be a concern due to the impact this information could have on insurance carriers (markets), employees, clients and the competition.
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.
SHOP A: West Central, Florida — A 20-year-old Independent insurance agency. This agency was listed last year and is now back on the market. Reported Revenue $1.062M / Asking Price $2M. Personal and commercial lines including P&C, liability, workers compensation, bonds, homeowners, auto, flood and wind. The shop includes six licensed 2-20 employees. Carriers include: Citizens, American Traditions, Mercury, Hanover, GMAC and Progressive.
SHOP B: Glendale, California — A 15-year-old independent agency for sale. Asking Price $700K / Reported Revenue $315K. 85% Commercial balance. Primary direct appointments with Travelers, Allied, Unitrin, Progressive and Hartford. This Agency is in good standing with the State of California Department of Insurance.
SHOP N: Dallas, Texas — 40-year-old independent P&C agency. Reported Revenue $230K / Asking Price NA. Offerings include a mix of commercial and home owners / personal lines. Direct appointments with Encompass, Progressive, Travelers, Kemper, US Assure (Zurich), Hartford and others.
SHOP O: Saint Louis, Missouri — 41-year-old E&S wholesale P&C agency. Reported Revenue $400K / Asking Price $800KM. Reported Premium volume $4.4M. Largest product sales by volume: General Liability, Commercial Property, Professional Liability, Umbrella and Excess Liability.
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.