Springtree Group is pleased to present the December 2013 insurance agency listings for independent brokers and agents. National activity for the year has been average to good. The seller’s market for independent agencies was prevalent all year, as was the buyer’s market in the captive arena. The firming of P&C pricing in most sectors caused selling multiples to lift in anticipation.
In our view, the most effective tactic in acquisition target development is a multi-level and joint endeavor, using the national approach that STG provides in concert with the “boots on the ground” local market intelligence to which only the client has access. STG provides clients additional tools to 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. Our clients have access to previous month’s listings upon request.
SHOP F: Fontana, California — A ten year old non-standard independent P&C agency in San Bernardino County is for sale. Reported Revenues $53K / Asking Price 75K. Primary markets include Explorer, Infinity, Access, McGraw, Carnegie, Bristol West, Progressive, Kemper, Freedom and more.
SHOP G: Greenville County, South Carolina — A 10 year old independent non-standard P&C insurance agency for sale. 80% personal lines, 20% Commercial. Five agents on staff. Asking Price $925K / Reported Revenue $629K. Seller willing to carry $350K in paper.
SHOP J: Wichita Falls and Dallas/Fort Worth, Texas — Two independent P&C insurance agencies for sale as a package. Will not sell DFW agency alone. Combined Asking Price $650K / Reported Revenue $350K (includes $12K in broker fees). Primary insurance markets include: Safeco, Travelers, Progressive, Met and others.
As a client of Springtree Group, you have 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. Please refer to our website or call 972.395.8811 for additional information on services and opportunities.