Working with an intermediary provides many benefits over managing a sale alone. The processes involved in buying and selling insurance agencies are involved and complicated. As professional intermediaries, our M&A consultants know these processes inside and out, including the pitfalls and redflags to watch out for. Decades of buying and selling has also given us a knowledge of valuations that is second to none, meaning you’ll never overpay or undersell when working with us.
Intermediaries are also a great time saver. Not only do we have the industry contacts to find the perfect match, but we’ll screen prospective buyers/sellers for you, so you don’t have to waste your time making calls and going through the disclosure process just to have the sale fall through.
If you are interested in buying or selling an insurance agency, we invite you to contact us. During our consultation, we can provide you with an estimate of the process based on your specific circumstances. While the length of the process can vary depending on several factors, such as the complexity and size of the agency, our experienced insurance M&A consultants can guide you through each step, including valuation, due diligence, negotiations, and legal documentation, to ensure a successful transaction.
Confidentiality is crucial in selling an insurance agency because it can have significant consequences if the information about the sale becomes public. The potential loss of key employees and clients can lead to a decline in business value and may even result in the failure of the sale. Also, if competitors learn that an agency is up for sale, they may take advantage of the situation and try to poach clients, employees, or even the agency itself!
At IMAC, we understand the importance of maintaining confidentiality throughout the sale process. That’s why we take several steps to ensure that your information remains confidential until you are ready to disclose it. Our team goes through rigorous procedures to ensure that only qualified and serious buyers receive access to your agency’s information as needed. We require all potential buyers to sign a non-disclosure agreement before they can view any details about your agency. This ensures that your information is protected and that it will not be shared with anyone who is not authorized to receive it.
We take great care to protect our clients’ confidentiality, and we understand that each situation is unique. That’s why we work closely with our clients to ensure that their specific needs and concerns are addressed throughout the sale process. Our team is committed to providing a seamless and confidential transaction, from the initial consultation to the final closing.
When it comes to picking the right insurance M&A consultants for your sales journey, we believe that experience tops all other factors. There’s just no substitute for it. Some M&A advisors will tout broker’s licenses as something a qualified intermediary should have, but don’t be fooled. Broker’s licenses, while helpful in everyday business transactions, do not specialize in insurance agency mergers and acquisitions. Having a broker’s license doesn’t make you any more qualified to understand insurance company reports—but a long history of experience in conducting valuations and negotiating insurance M&A transactions does.
At IMAC, we have been in the business of insurance M&A for decades, and our extensive experience in the field has enabled us to develop a deep understanding of the industry, its trends, and its players. We have conducted hundreds of successful transactions, from start to finish, and have helped our clients achieve their goals in a timely and efficient manner. With a team of seasoned consultants who specialize in all aspects of insurance M&A, we bring a level of expertise to the table that is unmatched by our competitors. At the end of the day, it’s years of experience, like what IMAC has, that will get you the results you’re looking for in your insurance agency sales journey.
With nearly a decade of experience in insurance mergers and acquisitions (M&A) transactions, IMAC’s partners bring a wealth of knowledge and expertise to the table. Collectively, they have over 40 years of experience in the insurance agency industry, successfully completing hundreds of transactions amounting to nearly one billion in closed assets. Having worked exclusively in M&A for the insurance industry, our partners have a wealth of insurance-specific knowledge that will be helpful in finding and negotiating the best deal for your business.
Future-proofing your agency, with succession and continuity planning is important because it allows insurance agency owners to develop a long-term plan for their business that ensures its continued success after they exit the company. Without proper planning, the sudden departure or retirement of a key leader can cause a significant disruption to an agency’s operations, jeopardizing its financial stability and reputation. By developing a comprehensive succession and continuity plan, agency owners can ensure that their businesses continue to thrive and serve their clients for years to come, even in their absence.
IMAC’s working hours are Monday–Friday 9 am to 5 pm EST.
