As we get closer to rounding out the dog days of summer, the insurance M&A market is also HOT! The continuing strength in insurance agency M&A activity remains steady due to consumer need for insurance as well as market and economy strength.
Agency sellers (current owners) are having valuations performed at record rates, and the results are high because of the sheer number of qualified and interested buyers, including private equity and national players. Buyers obviously want to purchase successful agencies only! Historically advantageous interest rates and positive multiple arbitrages are also driving asking prices up.
Where Do We Find Agencies for Sale?
Springtree Group has a number of trusted sell-side intermediaries and market researchers that find potential opportunities for our registered buyers. We also have a network of consultants, attorneys, CPAs, bankers, DOIs and PEGs. Additionally, some sellers contact us directly about their intention to sell. We are also frequently notified about financing deals that fall through – leaving the agency in question primed and ready for the right qualified buyer. All of these sources allow STG to provide you with the broadest insight available into new buying opportunities in the insurance space.
The listings below are a small sample of our current full list of open inventory of independent insurance agencies that are for sale. Want access to the full list of agencies? Email us at service@springtreegroup.com or visit our website at www.springtreegroup.com.
SHOP C – New York: An Independent P&C Agency that has been doing business since 2014 is now for sale. This agency gets a lot of walk-in traffic, and the location is important to maintaining the customer base. The agency has one employee who is bilingual and has been with the agency for two years. Primary carriers include Safeco, Mercury, National General, Progressive, Foremost, and more.
Reported Revenue: $300K / Asking Price: 2.25X / Tracking Code: DNYTL
SHOP F – Virginia: An independent family-owned and operated insurance agency is now for sale. The agency has a focus on Medicare supplements, long-term care, senior products, and some P&C. Primary carriers include Aetna, Cigna, United Health, Humana and many more. The agency has four agents (including the two owners), two CSR’s and one part-time employee.
Reported Revenue: $563K / Asking Price: 2.5X / Tracking code: DVACN
SHOP G – Tennessee: This highly specialized independent agency in the Life and Health space catering to individual policyholders is now available for sale. The main product line is: Under 65 Individual Health. Active in the following states: CA, TX, OK, OH, MI, NC, SC, VA, MO, IL, IN, TN, and FL. Main carriers include Manhattan life, United Healthcare, National General, National Life Group and more.
Reported Revenue $800K / Asking Price: 2X / Tracking Code: MTNMM
If you need financing, we highly recommend utilizing one of our lenders. Your M&A project will be combined with your financing and does not cost you more money. In fact, financing with Springtree Group proves to be significantly more successful for our buyers.
For access to the strongest array of M&A and financial tools and services available to support your acquisition, perpetuation, and operational needs in any part of North America, South America, Europe, Africa, and the Bahamas, email service@springtreegroup.com.
