The agency is an independent insurance agency with a focus on writing commercial truck insurance policies. The agency collaborates closely with select insurance providers to obtain the best customer coverage for the right price.

Key Aspects:

· Turn-key operation with expert management and staff in place
· Adjusted EBITDA grew at a compound annual growth rate of 25.5% from 2019 to 2021
· High customer retention with an average policy renewal rate of 95% according to management
· Access to top, reputable insurance providers for competitively priced policies
· One of 10 Texas agencies to offer an exclusive program from one of the five largest U.S. insurance providers according to management
· Low headcount and systems in place have allowed for efficient operations and increased profit margins

· Many loyal customer connections, some reaching 28+ years

Opportunities:

· Offer additional insurance products to diversify and increase organic growth
· Capacity to increase the agency’s portfolio without incurring additional overhead costs
· Obtain licenses to provide for customers in other states
· Establish an agency website to create an online presence

· Fully utilize internal software platform features to further increase operational efficiency

· Develop an insurance financing segment

Headquartered:

· North Texas US

Current Markets:

· The agency provides commercial truck insurance policies for trucking customers located in Texas and Oklahoma. The agency serves customers with fleet sizes between 1 and 200 trucks.

Real Estate:

· The agency operates from a 2,600 square foot office space located in north Texas, which is leased from an unrelated third party. The lease is assumable by new ownership post-sale. Ownership contends the agency is relocatable and is capable of operating on a remote basis.

Shareholder Objectives:

· The agency is equally owned by two shareholders who are seeking retirement and an eventual full exit. Ownership is open to various deal structures to facilitate a transaction.

*Financials reflect YTD 11/30/2022*

Benchmark International

Benchmarks Exclusive Opportunities

Turn-key Independent Commercial Truck Insurance Agency-BN000046778

Turn-key Independent Commercial Truck Insurance Agency-BN000046778

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