Reliance Global Group Completes Sale of Southwestern Montana Insurance Center for $2.625 Million in Cash at Closing Plus Uncapped Earnout
Reliance Global Group (Nasdaq: EZRA) completed the sale of its Southwestern Montana Insurance Center subsidiary for $2.625 million in cash at closing, plus an uncapped earnout tied to the agency's EBITDA for the twelve months ending August 31, 2027. The transaction closed September 11, 2026, effective September 1, 2026, and no shares were issued. The price represents 8.75 times the agency's pro forma EBITDA of $300,000, with an additional uncapped earnout equal to 8.75 times any EBITDA above that threshold, payable after the first anniversary of closing.
Key figures
- Closing date
- 2026-09-11
- Earnout terms
- uncapped earnout equal to 8.75x the amount by which agency EBITDA exceeds $300,000 for the twelve months ending August 31, 2027, payable following the first anniversary of closing
- Shares issued
- 0
- Effective date
- 2026-09-01
- Cash at closing
- $2.625 million
- Ebitda multiple
- 8.75x
- Pro forma ebitda
- 300000
AI analysis
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