Springtree Group routinely provides our clients with confidential listings of insurance agencies and brokerages that are offered for sale. Access to this type of information can be difficult to obtain, because open exposure of the desire to sell can be a concern for sellers, due to the negative impact this information could have on markets, employees and clients.
We communicate regularly with our network of more than 4,700 business intermediaries to provide seller leads. This month, the new activity in the State of Florida is down considerably. Sell side brokers tell us that due to the approval of a 40% to 65% property rate increase, many are just waiting for their revenue increase before going on the market.
The following are three examples from the many listings that we have acquired in the past month. These particular shops may or may not be of interest to you, and we encourage you to contact us at (972) 395-8811 for additional information on services and opportunities.
SHOP A: Austin, Texas — This MGA is very specialized in Non-Subscriber WC. One of the top MGAs in Texas. Asking Price is (firm) $8.25M (5x EBITDA). This 25-year-old full service shop is licensed in 49 states and includes a claims operation.
SHOP B: Orange County, California — 100% Non-Standard auto / home owners with some commercial. Asking $150K / Revenue $120K. Retail storefront is located in a heavy commercial area.
SHOP C: Las Vegas, Nevada — This is 4-year-old Non-Standard, bilingual, personal lines independent P&C insurance agency. Revenue $120K / Asking $140K. Markets include Infinity, American Access, and National Guaranty. High-traffic west side location.
Being associated with STG provides you access to the strongest array of financial tools and services available to support you with acquisition, perpetuation and operational needs in any part of the U.S. Please call (972) 395-8811 if we can answer any questions or otherwise be of service.