New York

Independent Agencies Sales Alerts – August 2018 Edition

The independent insurance agencies seller’s market continues to be prevalent as summer winds down. We attribute the continuing strength in agency M&A activity to significant consumer and market confidence in this space and the general strength of the U.S. economy. Overall agency valuations are improving, primarily because of heavy pressure by the increasing number of well-funded bidders in the market including strong Private Equity interest, coupled with the many National players purchasing successful agencies. This buyer pressure, combined with historically advantageous interest rates and positive multiple arbitrage are driving up asking prices for most agencies. The listings below are a sample of some of the independents discovered through our research or provided to us during the last 30 days.

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Independent Insurance Agencies for Sale Alert – January 2018

As 2017 drifts into the rear-view mirror, the memory of potential buyers contacting Springtree Group (STG) in November and December wanting to close a deal “before the end of the year” was notable. We unfortunately needed to advise clients that in most cases there is simply not enough time to professionally complete a complex deal unless the transaction was intended to be all cash. The lesson for us is to advise buyers to begin as early as possible. The lesson for you is that it’s never too soon to start planning!

The listings below are samples of some of the new or changed independent agency listings developed through our outreach, research or provided to us during the last 30 days. Upon request we will provide our clients access to previous month’s and off cycle listings.

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Independent Agencies Sales Alert – December 2017

Welcome to the final edition of Springtree Group’s sales alerts for 2017! The current year has solidified itself as another record year for insurance agency M&A activity. In our view, agency ownership transitions will continue to accelerate. The current network of agency owners is dominated by owners in their 60s and 70s. If you happen to be in mid-career, you may be ideally positioned to benefit from the transition of agencies over the next few years. The lack of succession planning within the current ownership ranks is significant and will benefit those that are ready, practiced and financially prepared.

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