Insurance Agencies for Sale – May 2014 Opportunities

Welcome to the May edition of the Springtree Group Insurance Agent and Broker Sales Alerts. National M&A activity so far this year is trending lower than average when compared to the last five years. The seller’s market for independent agencies continues to be prevalent, with an ongoing buyer’s market in the captive arena.

For those seeking insurance agencies for sale, Springtree Group uses a multi-level and joint endeavor to develop the most suitable acquisition targets in combination with local market intelligence to which only the client has access. In addition, we provide our clients with additional tools to access the 90 percent of sellers that are not openly and publicly communicating their intention to sell.

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

SHOP D: North Carolina — A 12-year-old established independent employee benefits agency for sale. A great bolt on for those shops wanting to add an employee benefit division to support cross selling. Asking Price $440K / Reported Revenue $257K.

SHOP F: Southern Louisiana — A 35-year-old established independent P&C agency is now up for sale. This shop specializes in personal lines, auto, trucking, marine and workers comp. Licensed and operating in three states. Asking Price $500K / Reported Revenue $205K.

SHOP H: Southern California — A non-standard independent P&C agency is for sale in southern California. The primary insurance markets include: Safeway, Access, Infinity, Bristol West and Reliant. The seller is interested in a cash only deal. Asking Price $135K / Reported Revenue $120K.

SHOP K: North Florida — A 30-year-old independent health insurance agency is on the market. This agency sells group products (80 clients) and individual product lines. Contracts with all major health insurance carriers. Asking Price $349K / Reported Revenue $210K.

Springtree Group provides clients with direct access to the strongest array of M&A, agency lending tools and financial services available to support your acquisition, perpetuation and operational needs in any part of North America. If you are researching insurance agencies for sale to find a potential acquisition target, or you are considering selling your independent agency, please call us at 972.395.8811 or contact us online to see how we can help.