Springtree Group is proud to present a sample of the insurance agency listings we have compiled for February 2014. Although it is still very early in the year, the end of 2014 will be here before you know it! There is a common saying that “timing is everything.” As the fourth quarter of 2013 drifts into history, the memory of a number of potential buyers contacting STG in November and December wanting to close a deal “before the end of the year” was noteworthy, as it is every year at that time. We sadly must advise them that in most cases there is simply not enough time to professionally complete a process that is so complex.
The process for most transactions typically takes six to eight months from inception to closing. So if buying an agency is in your business plan for 2014, we recommend that you seriously consider starting the procurement process now in order to complete your acquisition during this calendar year.
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. Upon request we will provide our clients access to previous month’s and off cycle listings.
SHOP A: Southern California — A well-established 19 year old independent P&C insurance agency is for sale. The book is dominated by Mercury Insurance Preferred Auto & Home products. Asking Price $450K / Reported Revenue $300K.
SHOP B: Southern Louisiana — An established seven year old multi-line independent commercial line insurance agency. This agency has a specialty in the transportation business. Asking Price $350K / Reported Revenue $193K.
SHOP F: Central Florida — Two year old independent personal lines P&C agency for sale. Direct appointments with quality markets including: Universal, United, Federated and more. A book of business buy for a quick bolt on opportunity. Reported Revenues $30K / Asking Price $75K.
SHOP K: Central Texas — A non-standard multi location (12) independent P&C insurance agency is back on the market. The focus of the company is specifically non-standard auto. Primary markets include Gen Agency, American Access, United Auto and more. Asking Price $525K / Reported Revenue $646K.
Springtree Group provides the strongest array of agency lending tools, M&A expertise, 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 information on services and opportunities.