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There are a million names for the unprecedented trend we are experiencing in the current employment market

An agency owner reached out several weeks ago and asked me to meet with him and the owner of an agency in his town that he was looking to purchase. They had been talking for several years. They had a handshake agreement that someday he will buy the agency when the time is right.

An agency owner reached out several weeks ago and asked me to meet with him and the owner of an agency in his town that he was looking to purchase. They had been talking for several years. They had a handshake agreement that someday he will buy the agency when the time is right.

In part one of this article, we discussed how analyzing your alignment with an agency is a great way to begin considering an agency acquisition’s potential. Now we’ll look at additional factors, including how well the culture of your agency fits with the potential acquisition and some indicators of future success.

The best place to start in evaluating a potential acquisition is with you and your own agency. If you are clear on what you are looking for in an acquisition the process of evaluating opportunities becomes much more efficient and effective.

Knowing when and if to sell your insurance agency is a difficult decision. As an insurance agency owner, often times your agency is a big part of who you are.