Welcome to the end-of-year edition of your STG Insurance Agency Sales Alerts for 2014! This has been one of the most aggressive years yet for middle market insurance agency buyers. Our clients continue to be enthused about buying opportunities because of four key motivations:
- Gain critical mass
- Enter a new market area
- Accelerate growth and back fill organic growth gaps
- Better utilize operating efficiency / specialty resources
In our view, the most effective tactics in acquisition target development include a multi-level and joint endeavor, using the national approach that STG provides in concert with the “boots on the ground” local market intelligence to which only the client has access. STG provides clients a number of additional tools to access the 90 percent of the sellers that are not openly and publicly communicating their intention to sell.
The listings below are a sample of some of the new independents discovered through our research or provided to us during the last 30 days. Upon request, we provide our clients access to previous month’s and off cycle listings.
SHOP A: New York — An established, 50-year-old independent P&C agency is now for sale. Focused on sales in NY, but licensed in NJ, CT, RI, and MA. Primary insurance markets include Travelers, Progressive, Foremost, Eveready and more. Asking Price $1MM / Reported Revenue $550K.
SHOP D: Southern California — A 13-year-old independent commercial P&C agency is for sale. This shop is 100% commercial. The primary products sold include commercial liability, transportation, manufacturing, construction liability and workers compensation coverages. Asking Price $170K / Reported Revenue $110K.
SHOP H: South Florida — A very well-established Independent preferred Insurance Agency that is focused on the trucking niche. Diversified, multi-line general insurance. Licensed in 5 states servicing a niche customer base. The book is made up of 65% Commercial and 35% personal lines. Asking Price $1MM / Reported Revenue $201K.
SHOP L: Central Mississippi — An established five-year-old independent non-standard insurance agency is for sale. 125 current clients. Lines of coverage sold include standard P&C, surplus lines, excess, and some health insurance. The Company utilizes 18 top rated insurance companies. Asking Price $150K / Revenue $100K.
Being associated with STG provides you access to the strongest array of M&A, agency lending tools and financial services available to support your acquisition, perpetuation and operational needs in any part of North America. For additional information on services and opportunities, please call (972) 395-8811 or contact us online. We look forward to helping you achieve your business goals in the New Year.
