Insurance Agency Acquisition

Insurance Agency Acquisition Guide

Congratulations! As either an existing insurance agency owner or first-time buyer, you’ve reached the point that you’re ready to build your business by acquiring an agency. As a bank that specializes in supporting small and medium sized business growth, we have learned a lot over the years about what makes an insurance agency acquisition work—or not. We’ve seen hundreds of business transitions, and we’ve learned that as a buyer, there are a few keys to success.

Two success factors in insurance agency acquisition transactions are (1) thinking through a long-term growth strategy and (2) paying attention to detail. Deploying both of these practices will help make sure you buy an appropriate agency for the right price and manage the transition in a way that helps you retain clients from the book of business that you are purchasing.

This guide will help you target an appropriate acquisition, successfully apply for credit, and manage the transition.

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At Live Oak Bank we are proud to have a team that is solely dedicated to working with the insurance industry nationwide. If you have a question about acquisitions, or other business-financing inquiries, please call us. Even if you are not ready to apply for a loan, we are happy to answer your questions and point you toward helpful sources of information. Our goal is to partner with you to make your dreams of ownership a reality. We hope this acquisition guide aids in your successful pursuit of business growth.

Contact Matt Richter, Senior Loan Officer of insurance lending, at 910.300.9610 or via email at matt.richter@liveoak.bank.