I was recently interviewed for the Independent Agents Magazine for an upcoming article on perpetuation planning. I said something that I typically don’t say, which is that now (or at least within the next 18 months) is the optimum time to sell an agency. I believe that market values are as high as they will be for a decade and will crest within the next 18 months.
Truth be told, our biggest competition isn’t other M&A firms in our market area; its buyers that contact agency owners directly. From a marketing standpoint, I’m not afraid of this … Continue reading
Thinking of selling your agency and received an ad promoting “Never a Fee to the Seller!”? You might want to take time and do your due diligence. This is a clever … Continue reading
The point of this article is to address the overall value to an agency owner of hiring someone to assist them in selling their insurance agency.
With the recession of 2008 slowly fading from memory and most agencies on the pathway of revenue growth, many principals in the 55+ age group are again thinking about working … Continue reading
As I reported in a previous blog a few months back, the market for selling an insurance agency is better than it has been in many years. The economy … Continue reading
We occasionally run into insurance agencies that have independent contractor producers that own the rights to their book of business. These arrangements almost always create a problem with selling an … Continue reading
This presentation was delivered through Oak Street Funding in 2011. If you are thinking of selling your insurance agency within the next three years, then this short discussion is of … Continue reading