Independent Insurance Agency Sales Alert – July 2016 Edition

We are pleased to provide this excerpt from the July 2016 edition of the STG Insurance Agent and Broker Sales Alerts, offered exclusively to Registered Buyer clients of Springtree Group. National insurance M&A activity so far this year has been robust, outperforming 2015, which was a record year. A number of the national insurance brokerage houses reported the closing of significant deals in the last 30 days.

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% of all deals are publicly known. 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. Other opportunities include insurance agencies for sale in Connecticut, Florida, Arizona, California, and elsewhere across the U.S. Upon request, we will provide Registered Buyers access to the previous month’s listings and off-cycle listings.

SHOP A: San Antonio, Texas – A well-established, 11 location, non-standard independent P&C insurance agency for sale. Don’t miss this opportunity to own an established agency in the heart of San Antonio! Markets include: ACCC Gen Agency, American Access, United Auto, Aggressive, Hallmark, Texas All Risk, Newport and American SW. Asking Price $1.7MM / Reported Revenue $1.1MM.

SHOP C: South Florida – An established profitable, independent health insurance book is now for sale. This book is relocatable and easy to run from home or an executive office suite. This book consists of both individual and group policies. Insurance markets include Aetna, Av-Med, Cigna, Colonial, Coventry, Golden Rule, Humana, Molina, Reliance, and United. Asking Price $340K / Reported Revenue $198K.

SHOP D: Dallas/Fort Worth, Texas – Repriced – Independent Auto and Home agency located in Richardson, Texas. Agency was established in 2005 with very minimal overhead. This agency has a primary focus on auto and home owner policies. Agency consist of 80% Auto and 20% Home and is licensed and in good standing in the state of Texas. This is a good agency with long term customers looking for someone to step in and provide direct leadership and the vision to grow. Asking Price $95K / Reported Revenue $48K / $400K WAP.

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

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.