BUYING AN INSURANCE AGENCY
Grow Through Acquisition
Acquisitions are one of the best ways for insurance agencies to increase revenue and profitability. Patrick & Associates, Inc. has over 75 years of insurance industry experience and has helped hundreds of agency owners buy and sell insurance agencies and books of business.
Industry Outlook
More than 20% of the nation’s 35,000 independent insurance agencies are expected to change ownership within the next five years — over 7,000 agencies.
Competition for quality agencies is intense and often includes:
- Local and regional agencies
- National and publicly traded firms
- Private equity-backed agencies
- Insurance companies
Finding the right acquisition opportunity can be challenging without the right connections and expertise.
How We Help Buyers
We assist buyers throughout the entire acquisition process, including:
- Identifying suitable agencies and books of business
- Agency valuations and EBITDA analysis
- Negotiating price and terms
- Assisting with financing
- Due diligence review
- Staffing and transition planning
- Closing support and agreements
- Post-acquisition integration
We stay in regular contact with more than 5,000 agency owners nationwide, giving buyers access to opportunities they may not find elsewhere.