Co-ownership has several advantages for independent insurance agencies looking to grow their business and navigate ownership succession. Some of the key advantages of co-ownership include:
Financial support: As a co-owner, STP Brokerage provides financial support to help your agency achieve its business goals. This can include access to capital for expansion, mergers and acquisitions, or other growth initiatives.
Operational support: Our team of experienced industry professionals will provide operational support to help your agency run more efficiently and effectively. This can include access to best practices, technology, and other resources.
Access to industry resources and relationships: As a co-owner, you will have access to STP Brokerage’s extensive network of industry resources and relationships, which can help you expand your business and gain new clients.
Guidance through ownership succession: Our team will guide you through the process of ownership succession, ensuring a smooth transition for you and your agency. We understand the importance of preserving the legacy and culture of your agency and work to ensure that these elements are maintained throughout the process.
Shared Vision and Goals: Co-ownership allows you to work with a partner who shares your vision and goals for the agency, which can help to drive growth and build a more sustainable business.
Access to specialized expertise: Co-ownership allows you to tap into the specialized expertise and knowledge of STP Brokerage, which can help you make better decisions, be more responsive to market changes, and identify and capitalize on new opportunities.
Shared decision-making and risk: Co-ownership allows for shared decision-making and shared risk, which can help to mitigate the impact of market fluctuations and other challenges that may arise.
Partnering with STP Brokerage means
Participate in the upside of your agency’s success
You deserve to reap the financial rewards of your hard work
Co-ownership rewards those who are most responsible for building agency value with equity value accretion and dividend distributions.
Retain operational autonomy & community legacy
- You maintain your branding, internal systems, leadership structure, culture and community legacy.
- You do what you do best as an entrepreneur, innovator and business leader
- You focus on the day-to-day operations, we support your strategic growth goals.
Gain from STP Brokerage’s acquisition expertise & scale
- We are your due diligence team, legal experts and capital partner for tuck-in acquisitions
- We have supported our partners on over 300 transactions
- We leverage our scale to save money, enhance revenue and mitigate risk
Develop future leaders & direct ownership succession
- You continue to develop the next generation of leaders for your agency
- Our ownership succession strategies give you the flexibility to develop and fund future owners
Several key differentiators set STP Brokerage apart from other insurance brokerage firms:
STP Brokerage’s co-ownership model is unique in the industry, providing independent insurance agencies with both financial and operational support as well as a path for continued growth and guidance to navigate ownership succession.
Exclusive class of high-performing agencies:
STP Brokerage invests in an exclusive class of high-performing, entrepreneurial independent insurance agencies, which sets us apart from other firms that may not have the same level of selectivity.
STP Brokerage is a nationally ranked top 15 insurance brokerage, which sets us apart from smaller, regional firms.
Access to industry resources and relationships:
STP Brokerage’s extensive network of industry resources and relationships provides our agency partners with access to industry experts and potential clients that they may not have otherwise.
Experience and expertise:
Our team of experienced industry professionals provides our agency partners with specialized expertise and knowledge that can help them make better decisions, be more responsive to market changes, and identify and capitalize on new opportunities.
Transparent and honest approach:
STP Brokerage takes a transparent and honest approach to co-ownership and partnership, educating our agency partners on the benefits and responsibilities of co-ownership, and always being available to answer any questions they may have.
Preservation of the agency’s legacy and culture:
We understand the importance of preserving the legacy and culture of our agency partners and work to ensure that these elements are maintained throughout the process of ownership succession.
Shared vision and goals:
By partnering with STP Brokerage, agency partners are working with a partner who shares their vision and goals for the agency, which can help drive growth and build a more sustainable business.