V-AID Business Investment Successfully Facilitated the Transaction for A & H Insurance Agency Inc. in Plano, TX
Plano – V-AID Business Investment is pleased to announce the sale of A& H Insurance Agency Inc., a local non-standard insurance agency located at 2504 K Ave. Plano, TX.
A & H Insurance Agency was established in 1980 and acquired by an out-of-state buyer in 2022. This independent insurance agency offers various affordable auto, home, and commercial insurance. It is affiliated with several minor and major insurance company carriers to provide the least inexpensive and able-to-customize policies to meet each client’s needs.
Kevin Chung with V-AID Business Investment, as an exclusive agent for A& H Insurance Agency Inc., provided sell-side advisory services for the seller from business valuation, marketing and negotiating the sale to transfer of business. V-AID Business Investment is a fully-fledged business brokerage and M&A advisory firm that assists the business owner in selling their business for the maximum value while finding the right buyer who can continue to grow the business.
“40+ year established local insurance agency has been acquired by an out-of-state buyer that owns multiple agencies in several other states. This business had a consistent track record for regular premiums, commissions, and fees in the last several years. When it was first listed for sale, it garnered tremendous interest from local buyers and other states. There were many full prices offers, but a buyer who saw the opportunity to expand into a new market made a significantly higher cash offer than the asking price and was eventually accepted by the seller. The transaction was completed smoothly and promptly. The seller and the buyer worked in unison with each carrier to smoothly appoint and transfer the policies to the appropriate party. It was a win-win for both as the seller was able to find a qualified buyer and to receive more than the initial asking price and for the buyer to acquire an established business with competent employees and to expand into new territory.” said Kevin Chung, Managing Director for V-AID Business Investment in Dallas.
Since 2001, V-AID Group, a team of resilient business brokers and M&A advisors in Dallas, TX, has been selling small to mid-size businesses in the main street to the lower middle market. V-AID’s experienced team of experts has a proven strategy to ensure strict confidentiality, a streamlined selling process, and the maximum value for the business. With deep expertise accumulated from hundreds of done deals, V-AID delivers superior results by providing clients with strategic planning and creative solutions tailored to each transaction. Combining V-AID’s proprietary database of buyer networks and industry-leading marketing, V-AID offers a proven selling method that has been the solution to a value-added exit for hundreds of business owners with a completion of 585 transactions totaling over 124 Million Dollars and continuing.