MANAGING GENERAL AGENCY (MGA) FOR SALE

Owner to stay on and operate company. Late 40's, plenty of enthusiasm for industry.

$3MM of EBITDA on $12MM of revenue. $2.5MM EBITDA add-on immediately possible.

Consider significant minority or majority recap with preference for 80% cash at close and 20% earn out or seller note. Licensed in 18 states.

MGA valuations are at 8-10x EBITDA.

Would love to get a deal done in 2020 given tax code uncertainty.



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