Managing General Agency (MGA) for sale

searcher profile

November 13, 2020

by a searcher from University of Pennsylvania - The Wharton School in Indianapolis, IN, USA

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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commentor profile
Reply by a searcher
from Pepperdine University in Baton Rouge, LA, USA
I have a $4m gap in funding on a P&C admitted entity takeover to prevent receivership with $60m in premiums. $10m surplus at close. Super short fuse on this one, please email me at redacted for anyone interested in this sector and likes the balance sheet side.
commentor profile
Reply by an investor
from Harvard University in Dallas, TX, USA
Jason. Thats my industry. I can introduce you to the only bank that can get this done by year end. Also happy to look at the deal with you. There are a lot of things about this industry that aren't what they seem!
commentor profile
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