You’ve worked hard to build your business. And whether your career has spanned five years or 50, maybe it’s time to think about selling or exiting the business. Maybe you want to focus more on serving customers instead of running the business. Maybe you want to transition into a second career. Maybe you want to retire to spend more time with your family or travel the world. Maybe it’s time to pass the family business on to the next generation. No matter the reason you’re thinking of selling, it’s important to protect your legacy, access your full equity and ensure the successful continuation of your business—even after you’re gone.
Fortunately, Nationwide has the resources to help. We can connect you with prospective buyers, help determine market value for your agency and help you plan for the future of your agency, employees and customers with the care they deserve.
Although we have assisted independent agency sellers in closing more than 1,000 transactions, we still treat each seller with the personalized attention they deserve. Independent agents who’ve worked with us say our support is invaluable. See what sellers have to say:
"The assistance you have provided has been invaluable and without it, we wouldn’t have been able to complete these transactions. The fact that you approach this with the idea of matching opportunities for both the acquiring and acquired agencies is extremely important. Having you on the front lines to meet with all involved makes a huge difference in the process.”
- Mike S., Oregon
“After 39 years as an agency owner, I only wish I had done this sooner. From start to finish, the process with the Nationwide team and our buyer could not have gone any better or smoother.”
- Roger H., Oregon
Explore our services for sellers
Finding a buyer
It’s about making connections. We match independent property and casualty agency owners across the country with prospective buyers interested in purchasing retail insurance agencies. Within our network of more than 7,000 prospective buyers, we believe there’s one out there that’s right for you. Let us connect you with potential buyers so you can find one interested in terms that make sense for your unique needs.
Succession and perpetuation planning
Many agency owners are unprepared to transition out of their businesses. But at some point, due to retirement, illness or an untimely death, your agency will face a future without you in charge. Failure to plan for this transition can leave you and your family financially disadvantaged, disrupt agency operations and even lead to closing. Whether you want to sell and retire or pass ownership to the next generation, a smooth exit requires a solid plan. We can help.
At Nationwide, we offer comprehensive agency succession and perpetuation planning services that take the guesswork out of transitioning the ownership of your agency into new hands. With an agency succession plan, you’ll identify potential leaders to take over in your absence, the events that may initiate the transfer of your agency and what you believe to be the right selling price for your agency. The plan will also cover the details of how and when you’ll be paid for the business you’ve been building all these years.
A well-designed plan will help protect you and your family, help better serve your clients and keep your business running smoothly during otherwise uncertain times. Even if you already have a plan in place, you can benefit from a second look by our experienced team of professionals.
If you’re thinking about selling, you need to know how much your agency is worth. Even if you don’t want to sell, it’s still important. Mergers, loans, ESOP reporting, tax assessments, life insurance and legal proceedings of all types require a fair and thorough evaluation of your agency’s value.
Note: Neither Nationwide nor its representatives provide legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.
Agency due diligence
Because of our experience in agency acquisitions and mergers, we know it’s important to understand the strategic value of your agency for the right buyer. That’s why our due diligence process is thorough and in-depth. Our specialized knowledge of insurance agency acquisitions enables us to identify areas of opportunity or risk—and make sure a prospective buyer gets everything they need to fairly evaluate your agency. And because your time is valuable, we help keep the due diligence process with a buyer on schedule, so you can avoid potential delays in selling your agency in a timely manner.