Scroll Down for STG’s July Independent Agency Sample Listings
As we start the second half of 2022 and look back over the M&A activity for the first half, we are excited that the pandemic and interest rate concerns have not crippled agency sales, mergers, and acquisitions activity in the insurance industry. Admittedly, in late 2021 and early 2022 there was difficulty in site visit coordination and the arrangement of financing, but the demand and activity continue to be robust.
Now more than ever before, collaborating with an intermediary helps buyers and sellers find each other when they would otherwise meet roadblocks that stall or even stop transition events. Springtree Group’s extensive pipeline of opportunities are due to our in-house marketing group, our network of attorneys, consultants, CPAs, loan underwriters, DOIs, PEGs, Strategic Partners, knowledge of broken financing transactions, and an ever-expanding pool of sell-side intermediary relationships.
Only 10% of agency sales are known to the public. We have the inside scoop!
The listings below are ONLY A SAMPLE of the listings we have information about.
SHOP B: Texas This ultra-preferred, independent, P&C book of business is now for sale. This is a book carve out – no agency assets or employees. Clients are located primarily in the Houston metro. Buyer must be licensed in the state of Texas and hold appointments with the carriers. Current carriers include Safeco, MetLife, Progressive, Allied Trust, ASI, ARI, Centauri, UPC, and Universal.
Reported Revenue: $540K / Asking Price: 3X Revenue / Tracking Code: STXBF
SHOP G: California We are pleased to present a strong, 24-year-old, independent mixed practice agency that is now available for sale in beautiful southern California. The agency represents the best carriers in SoCal including Anthem Blue Cross, Liberty, Hartford, Travelers, and more. 95% of the business is in California. The agency caters to both commercial clients (60%) and individuals.
Reported Revenue: $335K / Asking Price: $1.1MM / Tracking Code: ACANL
SHOP R: Georgia This is an independent, built from scratch, 30-year-old P&C agency that caters to the general market insurance needs in the area. The husband-and-wife team operates the agency with no other employees. Over 70% of their policies are with standard carriers. Personal lines comprise 80% of the book, with commercial lines being the balance. Reported Revenue: $150K / Asking Price: 2.1X / Tracking Code: DGAEH
We also have a large financing practice. If you need financing, we highly recommend utilizing our lenders. We will integrate the M&A project with the financing. It costs you no more, is less work for you and is significantly more successful. Botched financing is the number one reason deals fail.
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. Proudly serving customers in North America, South America, Europe and the Bahamas. Please email us at Service@SpringtreeGroup.com or visit our website at www.springtreegroup.com for additional information on services and opportunities.