Springtree Group is pleased to present a sample of the insurance agencies for sale that we have listed for March 2014. The M&A market activity in the segments of our focus is average for this time of year. The hardening of the market that we reported in early 2013 has continued and is expected to be a part of our lives at least through 2014. One consequence of the hardening of the market is reflected in sellers pricing their agencies in anticipation of the added benefit of this hardening to the buyers.
Based on our long history in the industry, we believe the most effective tactics in putting together an acquisition deal continue to be a multi-level and joint endeavor, using the national approach that STG provides in concert with the local market intelligence to which only the client has access. We provide our clients additional tools to help access the 90 percent of the sellers that are not openly and publicly communicating their intention to sell.
The listings below are a small sample of some of the new independents discovered through our research or provided to us during the last 30 days. We have listings of insurance agencies for sale from coast to coast, and can provide our clients access to listings from previous months, as well as off-cycle listings, upon request.
SHOP B: Central Tennessee — A well-established 14 year old independent P&C insurance agency is for sale. The book is dominated by automobile coverage. Three employees. Asking Price $195K / Reported Revenue $350K.
SHOP E: Northern California — An established independent health and medical benefits practice in northern California is for sale. The lines offered by this independent agency are 100% personal and include Medicare and Medical product offerings.
SHOP H: Southern Nevada — A 12-year-old independent financial services agency focused on selling supplemental products as well as commercial P&C product lines. The agency maintains direct carrier contracts. Asking Price $285K / Reported Revenue $175K.
SHOP K: Southern Arizona — A non-standard independent auto insurance agency is on the market. Primary markets include Titan, Progressive, Legacy, Infinity, United Auto, Rio National, Dairy Land and others. Asking Price TBD / Reported Revenue $52K.
Our clients have exclusive access to updated listings of insurance agencies for sale, as well as the strongest array of M&A, agency funding resources and financial services available to support insurance agency acquisition, perpetuation and operational needs in any part of North America. Please call 972.395.8811 for additional information on services and opportunities, or use our convenient online contact form.