As we arrive at the halfway mark of 2022, we are taking a hard look at the M&A data from the first half of the year. What we’ve determined so far is that insurance merger and acquisition activity has had little to no effect on interest rate increases.

With so much activity still bustling in the insurance space, we must ask ourselves what factors are at play. Increased demand from the Private Equity Group sector and a phenomenon that’s being touted as the Silver Tsunami (an upcoming wave of retirement among Baby Boomers in the insurance industry) mean that financing options are readily available to interested buyers.

Jumping into the insurance sector as a new agency owner is a fantastic way to become a first-time business owner or to add to your existing portfolio because insurance is a necessity even during turbulent times. Knowing you’d like to dip your feet into the insurance pool as a new owner means you need an intermediary with extensive experience that is honed in on the insurance industry. Springtree Group is among the first to know when an agency hits the market.

3 Listings from Our Full List of Agencies for Sale.
Contact STG for the complete list.

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SHOP A: Texas An ultra-preferred independent P&C book of business is for sale in Texas. This is a book carve out with no agency assets or employees. Business is located across all major metro areas in Texas. 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, Universal, and Lighthouse P&C. Reported Revenue: $515K / Asking Price: 3X Revenue / Tracking Code: STXBF
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SHOP B: California This independent agency has been operating in California for 22 years, with a focus on P&C business, and is now for sale. This agency has a mix of 40% personal and 60% commercial lines business. The business is fully remote with no employees or physical location. Primary carriers include Mercury, Markel, Guard, State National, and more.
Reported Revenue: $280K / Asking Price: $900K / Tracking Code: SCACS
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SHOP C: New York An independently owned and locally operated agency that does business across the state of New York is available for purchase. This agency has been doing business since 2016 and writes business with Mercury, Progressive, New York Central, Safeco, MetLife, and more. With no employees, the agency utilizes the EZ Lynx management system.
Reported Revenue: $120K / Asking Price: 2.4X Commissions / Tracking Code: DNYHC
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Get more info about the agencies listed here or ask for our complete list. Email Sam Patterson at Service@SpringtreeGroup.com.

Springtree Group is an insurance intermediary. This means that we work to connect qualified buyers with agency sellers. Our sole focus remains within the insurance sector, giving us years of very specific experience. STG’s ultimate goal is to facilitate a successful transition event that works for both parties.

At Springtree Group, we have always been clear that we will never try to be all things to all people. Instead, our deep understanding of insurance agency transition events is virtually all-encompassing. We provide our clients with a complete program of acquisition process development, as well as access to our comprehensive suite of financing tools. In this very specific and hard to finance insurance agent and brokerage space, working with Springtree Group gives you every advantage.