Independent Insurance Agencies for Sale – July 2017 Edition

National insurance M&A activity so far this year has been robust, outperforming 2016. A number of national insurance brokerage houses reported the closing of significant deals in the last 30 days. Notably, this list includes the sale of the Wells Fargo insurance operations to USI.

Access to sellers is often 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 percent of all deals are publicly known.

Our sources for potential selling opportunities come through broken financing deals, our telemarketing activities, STG in-house research activities, direct contact with sellers and sell side business brokers. This pipeline is supplemented by our network of consultants, attorneys, CPAs, bankers, DOIs, VC and PEGs. Springtree Group (STG) provides you with the broadest insight available into new buying opportunities in the insurance space.

The listings below are a small sample of the many new independent insurance agencies for sale nationwide discovered through our research or provided to us during the last 30 days. Upon request, we will provide Registered Buyers access to previous month’s and off cycle listings.

SHOP A: Glendale, California – An established independent P&C agency (Personal & Commercial Lines) in SoCal. Four agents and three CSRs; all licensed. This agency is licensed in California, Texas and Nevada. This shop includes direct appointments with Safeco, Travelers, CNA, Nationwide and many more. Asking Price $900K / Reported Revenue $520K.

SHOP C: Southern California – A very well established independent life and health agency is now for sale. The agency has expertise with Life, Long Term Care Disability and Annuity business. Licensed to do business in CA, TX, NY and CO. Asking Price $300K / Reported Revenue $110K.

SHOP E: Tampa, Florida – An eleven-year-old independent agency is now for sale. Licensed in Georgia and Florida. 100% Standard lines. This shop includes direct appointments with Progressive, Mercury, Foremost, Florida 1st and more. A good bolt on to a larger agency. Asking Price 2X of Annual Revenue / Reported Revenue $75K.

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