Retiring Agency Principal Engages The Howard Group to Find Buyers for his Agency
Successful Midwest P&C Agency
The client was a profitable P&C agency with a solid reputation and increasing revenues several years in a row. The agency had a firm foundation of producers, servicing staff, and administration, but they did not have a succession plan in place for agency ownership.
Due to the impending retirement of the agency principal, they needed assistance to find a buyer that would absorb the agency, retain P&C clientele through continued excellent service levels, and supply long term stability for its employees. And they needed to accomplish this with as little business interruption and publicity as possible.
The client engaged Randy Hudlin at The Howard Group to exclusively represent them in the M&A marketplace. Randy met with the client to determine their goals, timing, and financial status to represent them accurately to potential agency buyers. He was able to introduce the client to a short list of buyers that met their criterion and they were able to achieve a successful merger within 45 days.
The Howard Group, Inc.
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