Welcome to the November 2021 Independent Agency Sales Alert. At least once per month, we present select investment opportunities sourced both directly from sellers and our in-house researchers. Additionally, we include leads from our extensive network of:

  • Lending underwriters
  • Attorneys
  • Industry-leading consultants
  • Sell-side consultants
  • Botched financing deals

A SMALL SAMPLE OF AGENCIES FOR SALE IS BELOW!
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SHOP A: Texas. This successful independent homeowners and commercial P&C agency in the Houston Metro region is now available for sale. The book is made up of 60% Personal Lines and 40% Commercial Lines. The operation is transportable and utilizes Applied Epic for its CRM. Major carriers include Progressive, Safeco Safepoint Direct, and more. Reported Revenue: $160K  / Asking Price: 2.5X / Tracking Code: STXBY

SHOP H: Texas. A solid 25-year-old independent book of Group Health business is now available for sale. The firm is changing direction, forming a bank, and therefore divesting of this block. The new bank will be providing leads to the buyer. There are no ongoing expenses and the owner runs this book remotely. Carriers include BC/BS, Principal, Aetna, Humana, UHC, and more.
Reported Revenue: $284K / Asking Price: 2.5X / Tracking Code: STXDS

SHOP W: Oregon. This independent Group and Individual Health Insurance Agency has been writing health insurance policies for two decades and is now available for purchase. The agency writes business with Providence, BCBS, Kaiser, Pacific Source, and more. The agency owner desires to sell off their Group and Individual Health business only. The health side of the agency has 1 full-time, licensed employee who must continue working with the new owner.
Reported Revenue: $340K / Asking Price: 2.4X / Tracking Code: DORLM

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As your insurance intermediary, Springtree Group is in constant contact with our research teams. This allows us to provide our clients with a constant stream of solid buying opportunities in the middle market insurance space.

Because the average American now possesses incrementally more assets than they did just ten short years ago, the need for those assets to remain secured means the insurance industry continues to be a hot spot of activity. Even after we have just gotten over the hump of a pandemic, the momentum in our niche area of middle-market insurance shows no signs of slowing.

Strengthening multiples, combined with the steady activity, have led to more people than ever dipping their toes into insurance agency ownership – it’s currently a market that’s driven by private equity, and mergers and acquisitions of private insurance agencies and insurtech companies have exploded.

In addition to our honed focus on connecting buyers with sellers in the insurance space, our robust financing opportunities can be combined with your M&A transaction, making that aspect of the event much easier for you as well as significantly more likely to succeed. As you probably know, broken financing deals are the top cause of failed insurance M&A transactions. This doesn’t happen when you work with STG.

Please email Service@SpringtreeGroup.com for more information on the agencies listed in today’s Alert.