We were approached by a large insurance company with an offer to purchase our agency. They said that we would get the best value by cutting out the middle man or broker. We thought they had a great offer but decided to ask GIB for a free evaluation. Not only did GIB value our agency 25% higher than the offer, they were able to negotiate a deal for that price with better protection for our clients and employees.
Looking to sell an independent insurance agency? Looking to buy an independent insurance agency? General Insurance Brokerage is the leading insurance agency merger and acquisition (M&A) transaction broker offering the sale of independence agencies. We serve all types of independent insurance agencies throughout the United States, offering turnkey solutions. Serving companies across the United States, we assist buyers and sellers in more than 100 transactions annually from coast to coast. We understand the opportunities that exist in the insurance sector, and offer sales solutions for both independent agencies and private equity. Our depth of expertise stretches through all stages of the buy/sell process – from initial planning to successful closing of the transaction. If you are asking “how can I sell my insurance agency?”, “what is the value of my insurance agency?” or “do you have insurance agencies for sale?”, we can help! Our team will develop and execute a plan that’s right for you to ensure you reach maximum profitability.
What Makes Us the Preferred Solution?
We Complete More than 100 Transactions Per Year from Coast to Coast
Providing the Highest Multiples in 10 Years
Never a Fee to the Seller – This Includes a Due Diligence Package!
General Insurance Brokerage has been selling independent insurance agencies in the United States since its inception. We offer a unique approach, beginning with valuation and guiding the entire contract to the closing process. General Insurance Brokerage streamlines the process for both the buyer and the seller and offers a wide variety of creative funding solutions to ensure a seamless closing process.
Please call for a confidential conversation on how we can assist you in the sale of your independent insurance agency.
When we decided to sell our agency, we were very apprehensive about the process. Marc at GIB made it seem easy by walked us through the process and protected not only our interest, but the interest of my remaining employees, too.
Marc was instrumental in helping us make our first agency purchase. It made the purchase straight forward and helped with every step.
Want to Know What Your Insurance Agency is Worth?
Asking yourself “what is the value of my insurance agency”? Click the button below to complete a brief valuation questionnaire and a member of our team will contact you to provide your free insurance agency valuation.
Frequently Asked Questions
Insurance Agencies for Sale | Sell an Insurance Agency | Agency Valuation
Each agency is unique, however; there are constant factors in every deal. Valuations are a blend of free cash flow, the mix of revenues (personal lines vs commercial lines) and quality of the revenues (carrier mix, retention and loss ratios). Once we determine the value based on these factors, we compare our findings to debt service ratios and return on investment. We basically look at the deal from a lender/SBA underwriting point of view. If the pricing of the agency works for all the parameters, there is a 99% chance the deal will close!
To help you answer the question “what is the value of my insurance agency?”, we need the following:
- Prior Year Tax Return
- Year to date Financials
- If you have an agency management system:
- Report showing last 12 months commissions by line of business
- Report showing last 12 months commissions by Carrier
- Employee Schedule
Strictly confidential, we don’t accept information without a Non-Disclosure Agreement signed by both parties!
We collect your due diligence information.
We contact our clients that are the best fit for your company, they sign a non-disclosure agreement to gain access to your company’s electronic file. Typically, you can expect a contract for review within 2 -weeks from the time we collect your due diligence!
In most Private Sale cases, you receive cash at closing. Our lenders will provide the buyer a loan on a 10-year amortization. For Private Equity deals you typically have 80-90% cash up front and the balance in stock.
Typically, you can expect a contract for review within 2 -weeks from the time we collect your due diligence! The closing process for a Private Sale is an average of 45-60 days and 90-120 days for Private Equity.