Mergers & Acquisitions ·
Reliance Global Group sells Southwestern Montana Insurance Center subsidiary for $2.625 million
EZRAReliance Global Group, Inc.
Reliance Global Group completed the sale of its Southwestern Montana Insurance Center subsidiary to Scali, LLC for $2.625 million in cash at closing on September 11, 2026, with an effective date of September 1, 2026. The transaction was valued at 8.75 times pro forma EBITDA of $300,000 and includes uncapped contingent consideration based on future EBITDA performance exceeding the threshold for the twelve months ending August 31, 2027. Proceeds included a $1,207,324.67 repayment toward outstanding term loan principal with Oak Street Funding LLC. This divestiture supports the company's portfolio monetization strategy to redeploy capital into its proprietary AI platform and reduce debt. Reliance Global Group operates in the InsurTech industry, leveraging artificial intelligence and cloud computing to transform insurance agency and brokerage operations.