Reliance Global Group Completes Sale of Southwestern Montana Insurance Center for $2.625 Million in Cash at Closing Plus Uncapped Earnout
Reliance Global Group, Inc. announced the completed sale of its Southwestern Montana Insurance Center subsidiary, a Montana-based full-service insurance agency, for $2.625 million in cash at closing plus an uncapped earnout based on the agency's EBITDA performance for the twelve months ending August 31, 2027.
Why it matters — An EZRA watcher would care because this divestiture generates cash proceeds and removes a non-core asset, with an additional uncapped earnout tied to future EBITDA performance.