Mergers & Acquisitions ·
Reliance Global Group, Inc. entered into a Purchase and Contribution Agreement to sell its wholly owned subsidiary…
EZRAReliance Global Group, Inc.
Reliance Global Group, Inc. entered into a Purchase and Contribution Agreement to sell its wholly owned subsidiary, Southwestern Montana Insurance Center, LLC, and its associated insurance business assets to Scali, LLC (dba Scali Insurance Group). The transaction is structured as an equity and asset purchase for aggregate consideration of $2,625,000 in cash, based on 8.75 times pro forma EBITDA of $300,000, plus uncapped contingent additional consideration if EBITDA exceeds the baseline during the trailing twelve months following closing. The deal is expected to close by September 11, 2026, with accounting effective date of September 1, 2026. Reliance Global Group operates in the insurance brokerage and consulting industry.