Closed transaction · April 2010
Secure Protection Insurance
MDR & Associates took Secure Protection Insurance, an insurance agency, through to closing in April 2010.
The transaction
- ClosedApril 2010
- SectorBusiness & consumer services
- TradeInsurance Agencies
- LocationDallas, Texas
- BuyerStrategic buyer: a larger agency from Houston
- Engagement to closing90 days
- Represented byMDR & Associates
The sale
How it ran
Secure Protection Insurance was founded in 2003 and built a sizable book of business.
In 2010 we sold it to a larger Houston agency that wanted to expand from health insurance into property and casualty, and for which that book was the attraction.
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Find out what a buyer would pay for it today. A confidential opinion of value from the firm that sold Secure Protection Insurance — free, with no obligation, answered the same business day.
Get a free valuation snapshotWhat decided the price
What buyers look at in an insurance agency
Retention
The percentage of policies that renew each year. It is the most important number in the sale, and buyers check it carrier by carrier.
The mix of business
Personal lines, commercial lines, and life and benefits are valued differently. Commercial accounts are larger, and also more concentrated.
Carrier appointments
Whether your contracts with carriers can pass to a buyer. With a captive agency, the carrier has to approve the buyer, and its rules shape the whole sale.
The full list, and who the buyers are: Selling an insurance agency in Texas.
The record
More insurance agencies we have sold
Your company
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- A value range and what is driving it
- An honest answer about whether now is the time to sell
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