Rains Agency Inc. /
Sunbelt Group LLC
Rains Agency buys Sunbelt Group insurance business
- Terms
- Not stated
- Stage
- Closed
What happened
Rains Agency Inc., a subsidiary of SmartFinancial, Inc., completed its purchase of substantially all of Sunbelt Group LLC’s assets and assumed certain liabilities on Sept. 1, 2022.
The aggregate purchase price was $6,500,000, including $5,200,000 paid in cash at closing, with the remainder payable in installments.
The source
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Rains Agency buys Sunbelt Group insurance business
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