Buying an agency is an extremely smart way to grow your business…if done correctly. Investing in another insurance brokerage can expand your book of business and increase your revenue, cash flow and equity—but it’s a seller’s market out there. Opportunities to purchase are scarce and usually fraught with competition.
Finding the right agency to purchase, negotiating the price and closing the deal can be an uphill battle if you do it alone. Rather than deal with the hassle and headache of navigating the insurance acquisition process on your own, why not leave it in the hands of a professional consultant with decades of M&A experience and hundreds of millions of closed transactions?
(IMAC), we’ll take the legwork out of finding you an agency to purchase. As professional intermediaries with decades of experience in the insurance industry, we have built an extensive network of middle market and above insurance agency owners, and have the resources and professional contacts necessary to connect motivated buyers such as yourself with ready-to-sell owners—no need to scour online forums or cold call local agencies for weeks and months on end with the same results.
Once we’ve found a suitable prospect that meets the requirements you supplied us with in the initial stages of the buying process, we’ll have you sign an NDA (to help maintain the seller’s privacy) then forward over our agency report package for your review. Instead of evaluating endless options on your own in search of the perfect fit, you’ll only have to review the top prospects—saving you time and expediting the process.
Once you have settled on a suitable agency for purchase, the next step is to secure an accurate valuation of the prospective agency, then begin the process of negotiating terms. Once price and terms are agreed upon, IMAC will help facilitate the closing of the deal.
At IMAC, we have decades of experience in conducting valuations, negotiating deals and transactions. As such, our team of experienced consultants can provide valuable assistance and insights into the processes of:
When you partner with IMAC, we’ll work hard to get you the best deal on your acquisition and secure a smooth transaction process.
Buying an independent insurance agency is a complex process that involves many steps. When you partner with IMAC, we will guide you through the many steps involved in the acquisition process to secure an effortless transaction from start to finish. At the beginning of the process we will outline steps and timelines, so you know what to expect. And with regular communication touchpoints, you’ll be kept informed every step of the way with a chance to ask questions whenever you need.
With decades of experience in insurance M&A, and with hundreds of completed transactions nearing one billion in closed assets, IMAC’s team of professional intermediaries have the insights and knowledge necessary to match you with the right agencies to purchase at the best value. If you are looking to purchase independent insurance agencies and need a trusted partner to walk with you through the M&A transaction, IMAC is here to help. Fill out the form below and one of our consultants will be in touch to discuss your needs and start the buying process.
