If you’re a buyer, finding the right agency and then integrating it into an existing company can be challenging. And if you’re selling, attracting the right buyer is critical. Take advantage of these and other resources that can help you buy or sell an agency.
The Realities of Selling to a Large Organization
If you’re an agency owner who is looking to buy or sell an agency, you need to be aware of how larger organizations, including aggregators, impact M&A deals. As a seller, determining which buyer will closely align with your financial goals and future vision for your agency, employees and clients may largely depend on the size of the buyer and its M&A philosophy.
"The staff at Oak Street are very knowledgeable about regional insurance markets, agency financial models and the acquisition process. They specialize in a niche market and really understand the ins and outs of acquiring and perpetuating an insurance agency."
— Matt from Florida
"After identifying an agency to buy, we struggled for months to find a lender who could get us the necessary funds to complete the purchase. Most lenders said that our balance sheet was weak and it would be hard to lend, so we packed it in and went to Oak Street. They [Oak Street] understood our business from the start and were able to get us the funds to complete the acquisition in record-time."
— Anthony & Ryan from New York
"When I contacted Oak Street about funding an agency acquisition, they blew my bankers away in terms of knowing the business. Traditional lenders didn’t understand the commission process and their multiples weren’t realistic, so choosing Oak Street was a no-brainer."
— John from Kentucky
"While most lenders require substantial tangible assets to secure a loan, Oak Street helped us finance an acquisition using the seller’s book of business as collateral. We came to terms in less than 60 days – the process couldn’t have been easier. I’d recommend Oak Street to any principal who wants to buy another agency."