Insurance Agencies for Sale – May 2018

National M&A activity is trending above the averages established over the last five years as it relates to total number of insurance agency deals traded. There was a shift however, in the size of agencies being acquired vs. the comparable periods. The Private Equity money also continues to poor into the insurance space. Primarily because of this significant PE activity in the insurance M&A market place, the acquisition values are at all-time highs.

In this competitive acquisition market, it takes a concentrated mix of tactics and quick reflexes to develop adequate deal flow. We view this process as a multi-level and joint endeavor. The principled national approach that Springtree Group (STG) provides, in concert with the “boots on the ground” local market intelligence that only buyers have access to, is a good starting point. To this mix, STG adds tools including; seller broker administration, internal and external research functions and our other proprietary tools in the effort to reach the 90% of the market that is hidden from public involvement.

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

SHOP A: Lakewood, California – A solid, three location P&C agency in beautiful SoCal is now available for sale. This agency founded in 2009 is 98% personal lines with 14 employees. Direct contracts with name carriers like Mercury, Infinity Foremost and more. The book is 60% Standard Lines. Reported Revenue is $1.2MM ($678K Fees) / Asking Price $2.5MM.

SHOP E: Portland, Oregon – Independently owned and operated agency. Established in 2009 and has a primary focus in construction lines business. 60% Personal / 40% Commercial Lines business. Markets include: Travelers, Allied, Safeco, Mapfre, Met-Life and many more! All appointments are direct except the Allied and Safeco appointments. This agency is 80% Standard / 20% non-standard lines business. Reported Revenue: $110K / Asking Price $240K.

SHOP J: Southeastern California – An established, very stable full-service agency is now available for sale. Product offerings include P&C, Life and Health Insurance. The agency has been doing business since 1980 and consist of 60% preferred and 40% non-standard lines. Top markets include Foremost, Dairyland, BCBS, CIGNA and more. Asking Price $320K / Reported Revenue $181K.

Additional opportunities exist nationwide, including Ohio, Michigan, Nebraska, and Colorado. The full listings are available each month to Springtree Group’s Registered Buyers. In addition, 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 North America. We also proudly serve customers in South America, Europe and the Bahamas. Please call (972) 395-8811 or contact us online for additional information on services and opportunities.