Commercial Trucking Insurance Agency For Sale 1272

intermediary profile

December 12, 2024

by an intermediary from Bucknell University in Santa Monica, CA, USA

Founded in 2022, the Company holds a Book of Business consisting of approximately 247 policies, $2.78M in Premium with commercial auto policies accounting for 99% of the portfolio and General Liability policies for the 1%. The top carriers within this book are Evarspan, Trisura Specialty, NICO and Progressive. It's important to highlight that there is no physical office or employees, making this a straightforward book roll for the right Buyer. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: No facilities. Competition: The insurance industry is highly competitive, but acquiring this opportunity can lead to substantial business growth and the expansion of your book of business. Growth & Expansion: In addition to cross-sell opportunities, there's a possibility that a Buyer may have negotiated better commission rates with carriers, which could lead to immediate upside for the Company. Financing: TBD if deal structure and terms are acceptable. Support & Training: To ensure a smooth transition and ongoing success the Seller will work with a Buyer as needed to successfully transfer the Agency. Reason for Selling: Seller is ready to retire.
0
2
39
Replies
2
commentor profile
Reply by a searcher
from University of World Economy and Diplomacy in Chicago, IL, USA
Hi Rick - is this deal still active?
commentor profile
Reply by an admin
from Massachusetts Institute of Technology in Portland, OR, USA
^redacted‌ have previously commented on Commercial/Auto Insurance & Trucking and might be able to help this $449,862 EBITDA deal in Ontario, CA find the right Searcher.

You can find more brokered deals on Searchfunder here:
www.searchfunder.com/deal/exchange
Join the discussion