Managing General Agency (MGA) for sale

by a searcher from University of Pennsylvania - The Wharton School

4 years ago

Owner to stay on and operate company.  Late 40's, plenty of enthusiasm for industry.
$3MM of EBITDA on $12MM of revenue.  $2.5MM EBITDA add-on immediately possible.
Consider significant minority or majority recap with preference for 80% cash at close and 20% earn out or seller note.  Licensed in 18 states.
MGA valuations are at 8-10x EBITDA.
Would love to get a deal done in 2020 given tax code uncertainty.

2 likes
196 views
11 comments

searcher from Webster University

Jason, did you find a buyer. If still available, I'd like to talk.

3 years ago | like reply | 0 likes

searcher from Pepperdine University - Graziadio School of Business and Management

I have a $4m gap in funding on a P&C admitted entity takeover to prevent receivership with $60m in premiums. $10m surplus at close. Super short fuse on this one, please email me at --@----.com for anyone interested in this sector and likes the balance sheet side.

4 years ago | like reply | 0 likes

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