Welcome to the second edition of the STG Insurance Agent Sales Alert for 2015. Although it’s not even Valentine’s Day, the winter holidays will be here before you know it. During the fourth quarter of 2014, a number of potential buyers contacted STG in November and December wanting to close a deal “before the end of the year.” However, by the time Q4 rolls around, we must advise clients that in most cases there is simply not enough time to professionally complete the process unless the deal is all cash.
The process to find and close a transactions often takes six months from inception to closing. So if buying an agency is in your business plan for 2015, we recommend that you consider starting the procurement process now in order to complete your acquisition during this calendar year.
The listings below are a sample of some of the new independent agencies for sale that we discovered through our research or that were provided to us during the last 30 days. Upon request, we will provide our Registered Buyers access to previous month’s listings and off cycle listings.
SHOP B: Dallas/Fort Worth, Texas — An established 14-year- old independent P&C agency is now for sale. Major insurance markets include Foremost, Pacific Specialty, Progressive, National Lloyds, ACCC and others. 70% Standard lines and 90% Personal coverages. Asking Price $175K / Reported Revenue $108K (Commissions, fees and contingencies).
SHOP E: Mississippi — A well-established independent P&C agency located in North Central Mississippi is now for sale. This book contains an even split between standard and non-standard P&C insurance products. Asking Price TBD / Reported Revenue $100K.
SHOP I: Central Florida — An established independent P&C agency for sale. This shop is located on the east side of the state. Seller willing to carry some paper. Reported Revenues $250K / Asking Price $500K.
SHOP J: Southern California — A seven-year-old independent standard commercial P&C insurance agency is available for sale. Major markets include Travelers, Builders & Tradesmen’s in addition to others. Asking Price $475K / Reported Revenue $300K.
Your association with Springtree Group gives 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, call us at (972) 395-8811 or contact us online.
