New Insurance Agencies for Sale: April 2022
The M&A market activity in the insurance sector is finishing the first quarter of 2022 strong! There continues to be a pretty strong seller’s market but buyers are making smart purchases. This means that there are many overvalued agencies currently in the market waiting for buyers.
The overall P&C insurance market writing capacity is strong – bolstered by new capital flowing into the safety of the insurance marketplace. The market is showing signs of hardening in very few sectors and geographic locations. The record surpluses with Property and Casualty insurers are fueled by a strong economic picture, growth in net written premiums, and expanding levels of alternative capital.
PLEASE NOTE: Our list below is ONLY A SMALL SAMPLE of independent agencies for sale. Springtree Group’s full list of agencies for sale is developed by our research professionals who work closely with our strategic partners. We also get information about botched financing deals, and from sellers themselves. If you’d like to become a Registered Buyer (it’s FREE), simply email us at Service@SpringtreeGroup.com for access to our complete list of agencies for sale.
SHOP A: Texas This independent insurance agency is located 35 miles north of Houston, TX. The agency was formed to provide for the personal and commercial insurance needs of the area. Carriers include Hartford, Travelers, MetLife, Safeco, and more. This agency has no employees and could be easily rolled into your current agency.
Reported Revenue: $105K / Asking Price: 2.3X Revenue / Tracking Code: DTXWT
SHOP B: Texas Far West Texas is the location of this for-sale insurance agency. This is a full-service agency that has been servicing the area for 27 years. The agency holds appointments with Travelers, Safeco, National Lloyds, Progressive, Connect, and more. The agency is 60% non-standard and 40% standard lines.
Reported Revenue: $215K (Includes $55K in fees) / Asking Price: 2X Revenue / Tracking Code: DTXJC
SHOP C: Florida This independent insurance agency in Fort Lauderdale, FL that was started in 2008 is now for sale. This agency does a mix of commercial and personal lines business and currently has one full-time employee and one part-time employee, both of whom want to continue with the agency. There isn’t a lot of walk-in traffic. Carriers include AmTrust, USLI, Universal, Tower Hill, Progressive, and more.
Reported Revenue: $225K / Asking Price: 2.25X Revenue / Tracking Code: DFLRP
To obtain more information about any of the insurance agencies for sale on this list, or to gain access to our complete list of agencies currently on the market, please contact Sam Patterson at Service@SpringtreeGroup.com. We look forward to connecting qualified buyers with the right seller in order to facilitate a successful transition event that works for both parties.
We have access to extremely coveted information in a hyper-specific professional industry. At Springtree Group, we do not claim to be all things to all people. Our knowledge, expertise, and experience regarding insurance agency transition events are all-encompassing. When you work with STG, you’ll be provided with a complete program of acquisition process development, surrounded by a full suite of financing tools in this very specific and hard to finance insurance agent and brokerage space.