ATO Podcast
My Name is Brad Boldt, Owner of Ameriguard Insurance Agency. My mission on this podcast is to help insurance agencies become bigger, better, stronger business owners. Most of us are insurance agents that evolve into owning a business. Becoming a business owner is often an after thought. By developing as a well rounded business owner earlier, we can avoid some costly mistakes. I'll be interviewing insurance agents, insurance companies and insurance professionals from across the country to help us grow together. We'll be discussing marketing, growth, hiring, acquisitions, challenges, mistakes and wins. Enjoy!!
ATO Podcast
#78 A Guide to Acquisition With Colby Allen
Mergers and Acquisitions is one of the hottest topics in the insurance industry. So many agency owners want to acquire another business. In this episode with Colby Allen, we cover all things in the acquisition process. Financing, what to look for in the agency, what to look out for, what to look for in the P & L, things to consider for valuations, things to consider with staffing and so much more. Colby is a consultant with Agency Focus. Agency Focus is a Business Consulting agency specific to the the Independent Agency Industry. Agency Focus handles Agency Valuations, Fractional CFO, Merger & Acquisitions and agency consulting. This is a great episode to learn about the Acquisition process.
https://www.linkedin.com/in/colbytallen/
0:02 - 🏛️ Agency valuations and acquisitions.
4:35 - 📊 Evaluating insurance agencies for acquisition.
9:54 - 🔍 Agency valuation and due diligence.
15:44 - 👩💼 Vetting employees and prioritizing their well-being in business transactions.
22:19 - 💼 Agency compensation plans and their impact on valuation.
28:52 - 📜 Agency models, contracts, and exit strategies.
32:20 - 💰 Agency owner compensation and transition planning.
37:18 - 📈 Agency valuation, due diligence, and fractional CFO services.
43:32 - ⏳ Closing thoughts on agency valuation and financial consulting.
