APP is in the process of building out its already broad product offering through the acquisition of small insurance businesses that participate in niche sectors requiring product specialization. Key criteria of companies APP is looking to acquire include:
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Minimum gross written premium of $5 million in specialty lines
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Demonstrated stream of positive historical cash flow
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Little-to-no debt on balance sheet
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Strong reputation demonstrated by owner’s pride of business, respect for customers, and a loyal group of business associates
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Willingness of seller to accept part of transaction proceeds in an “earn-out” –we are looking for partners with confidence in their businesses
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Business and management team is capable of sustaining itself as a standalone company, with willingness to capitalize on the potential synergies by working with other APP businesses, products and services
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Visible growth opportunities with the appropriate level of resources employed (capital or otherwise)
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Owner of the business needs to care who he sells to – again, we are looking for partners (whether passive or active)
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An offering price – we are not interested in auctions or wasting our time or the seller’s time. We are looking for partners who have reasonable value expectations with a desire to participate in the upside a partnership with APP can provide
If your business meets these criteria, please contact us.