Veteran-owned and operated Erucae Holdings, Inc (EHI) is focused on acquiring and operating solidly profitable seasoned businesses in the independent insurance agency arena by utilizing our core expertise in customer acquisition, technology, and operational know-how, which allows us to deliver exceptional results. By Definition, Agencies are considered Producers/ Brokers and are differentiated from Carriers who hold the ultimate liability for losses, if any. We specialize in providing fair acquisition and consolidation of profitable businesses with limited exit opportunities due to their small size and fragmented industry.
With EHI’s experience in structuring financial transactions, we can acquire and grow companies in a win/win manner. Our platform provides an excellent path to liquidity for the seller with higher net proceeds, as brokers and associated fees are not required. Our team of industry experts, combined with enabling technology for the end customer, will provide the high touch and high service required for success.
Primary target markets are independent insurance companies and marketing firms currently doing between $1 to $7 million in sales revenue per year. These companies will have a Net Operating Income (Free Cash Flow) of 40% to 75%. The $3,000,000 Round A Goals will be used for initial working capital. Additional Rounds will target acquisitions and earnest money deposits on selective transactions. Subsequent funding will be used to:
▪ Launch commercial acquisitions, marketing, support, and operations; identity, develop and close mature small to
medium-sized Independent Insurance agencies with assistance from partner cash infusions for each acquisition as
required.
▪ Lay the groundwork for closing medium to large acquisitions in the future. Currently, a 1% owner = 10,000 shares
priced at $10 per share. By early spring, our goal is a share price of $30 per share. Estimated share pricing in Financial Goal targets is available upon request.
Jason Rock Wilhelmsen (USMC)
Chief of Investor Relations, Erucae Holdings LLC.
https://www.erucaeholdings.com
[email protected]