Besnard Insurance - Mergers
JOIN THE BESNARD INSURANCE FAMI LY
Mergers & Acquisitions
Financial Security | Flexible Terms | Family Values
“ Together, we can di ver s i f y your weal th and improve your qual ity of l i fe. ”
A Note f rom Besnard CEO, Adam Besnard
Since 1979, Besnard Insurance, a world-class national independent insurance agency, has been laser-focused on one thing: Maximizing long-term value for our clients and partners. And now could be the time to write yourself into that story… My leadership team is identifying strong, independent insurance businesses to join the Besnard Team, and you are on the list. Together, we can diversify your wealth and improve your quality of life. I know this isn’t the first time you’ve been approached with this idea, but I believe Besnard Insurance offers unique opportunities you can’t find elsewhere. Of course, this is a complex and personal decision and certainly does not get made over the course of a booklet. My goal here is to give you a glimpse into the culture of Besnard Insurance and to highlight why a partnership with us might be in the best interest of you, your family, and your business.
I’m hoping we can continue to discuss this in person or over the phone.
All my best,
Adam Besnard CEO/President, Besnard Insurance
TABLE OF CONTENTS
Why Besnard? • Financial Security & Diversification • Flexible Terms & Transitions • A Higher Quality of Life
Partnering with Besnard • Interview with an Acquisition Partner
About Besnard • Our Story • Our Leadership Team • Our Values
Building a Legacy • Besnard Gives Back
F INANCIAL SECURI TY AND DIVERS I F ICAT ION
Partnering with Besnard diversifies your personal assets in the short- term while providing everything you need to grow your wealth long- term. We have access to a $500+ million credit facility allowing us the independence and flexibility to work together to achieve our collective goals. If you want to grow your wealth with Besnard, beyond the initial merger, all this is at your fingertips:
• Established industry leading technology platform to optimize business growth
• Direct preferred relationships with Besnard’s diverse national and global insurance markets
• Unique insurance solutions to help scale your brand/division for the long-term
• National expansion opportunities to develop new territories, regionally and nationally, by leveraging your agency’s strengths
• Top tier leadership to optimize your business for long-term success
We only partner with best-in-class carriers always focusing on client solutions. Today we have relationships with over 160 COMPANIES AND MARKETS .
FLEXIBLE TERMS & TRANS I T IONS
Everyone’s needs and situations vary. Our honest and open consultative process explores all of your options to make sure the partnership works for you and your interested parties.
Some possibilities you may consider:
Maintain your independence. You may keep your company name, local ownership in community, organizational structure/culture, and office. Do the work you enjoy. We can build a custom transition plan focused on your strengths and the work that motivates you. Determine your involvement. Whether you want to work in the office, remote, full-time or part-time, we can develop a unique work plan that achieves your goals. Find a deal structure that works for you. We are well-capitalized, so we are more flexible than any other option in the marketplace.
Because of our cul ture and capi tal , we are in pos i t ion to bui ld t rue win-win par tner ships that achieve our shor t - term and long- term bus ines s goal s .
A HIGHER QUALITY OF LIFE
When you join Besnard, you join a national independent insurance agency that does business in all 50 states. You gain immediate access to our world-class insurance products and technology. You also find that our success is driven by top tier, motivated human capital that fuels and supports all aspects of the business.
What you can expect when you join the Besnard Team:
Quality of Life At Besnard, we work with team members to ensure they achieve their professional and personal goals through flexible work schedules, a comprehensive benefits package, company outings, team activities, and more. We may be a national agency, but we keep our family culture by supporting our team members and celebrating our collective successes together. Back of the House Support If you want it, we can help support your operations, human resources, accounting, administration, and facilities management, so you can focus on what you love doing the most: working with your clients and providing solutions. High Caliber, Passionate People We look for partners who are client-focused and solutions- oriented. Driving results from all across the country, the entire Besnard team embodies outstanding work ethic, impeccable character, and strong interpersonal skills. Our experienced leadership team is customer focused and prepared for the future with an average age of 46. Empowered People Our team members have the authority to quickly solve problems and make decisions without all the red tape and layers of management found in most public corporations and private equity funds.
PARTNERING WI TH BESNARD
INTERVI EW WI TH A RECENT PARTNER
What made you cons ider par tner i ng wi th Besnard? Adam and his team were very honest and responsive from our initial conversation to the closing. I never felt pressured during the process. What made the biggest impact on you dur i ng the t rans i t ion process? Besnard Insurance made my people a priority during the transition. My people are my “secret sauce” and I consider them family. Seeing Besnard Insurance focus on them as much as me during the transition put me at ease. What did you l i ke best about work i ng wi th Besnard? My favorite part of partnering with Besnard Insurance was the flexibility it afforded me and my agency. I was able keep my company name, where I remained the “face” of
my agency and aligned on an employment timeline that worked for me.
Did you have any mergers/ acqu i s i t ions exper i ence pr ior to th i s dea l ? I was brand new to the process and had a million questions. The Besnard Insurance team was always there to answer questions, but they took it an extra step, explaining the answers and giving me the heads up of what to look for and potential concerns that should be addressed with my attorney or CPA.
What was the negot i at ion process l i ke?
I knew it was a negotiation, but I never felt like it was me versus them. Trust is more important than anything during the process. Ultimately, I trusted Adam and his team, and this was what provided me comfort to move forward.
Besnard was founded in 1979 in Tampa, FL. From the beginning, the focus was on building long-term value for our clients with innovative insurance solutions. Over the years, we have grown from our Florida office to become a presence around the globe, adding thousands of diverse insureds to our clientele from all over the country.
Today Besnard is led by Adam Besnard, who serves as President & CEO. Adam has over 25 years of comprehensive business experience and has built a Leadership Team with over 100 years of insurance, sales, and finance experience. His visionary leadership has taken Besnard to new heights of growth and innovation, making us a leading global- independent insurance agency without sacrificing the family culture that sets Besnard apart from other big names in the industry.
OUR LEADERSHIP TEAM
Adam Besnard CEO and President, Besnard Insurance (813) 541-1881 (mobile) Adam.firstname.lastname@example.org
Steve Strigler CFO, Besnard Insurance (781) 467-9573 (mobile) Steve.email@example.com
Mary Fran Mullan COO, Besnard Insurance
• Adam has 25+ years of business leadership experience in multiple industries with a strong track record of success • Adam is a licensed insurance agent in all 50 states • Adam holds a Business degree from Florida State University • Adam and his wife Mindee have two daughters and one son and live in Tampa, FL
• Steve has 20+ years of diverse accounting and finance experience in multiple industries • Steve has successfully managed 100+ acquisitions throughout his career • Steve holds a degree in Accounting from Babson College, and is a Certified Public Accountant (CPA) • Steve and his wife Tara have three daughters and live in the Tampa, FL area
• Mary Fran has 30+ Years of insurance experience leading global agencies • Mary Fran holds a degree in Finance from Penn State University and an MBA from George Washington University • Mary Fran holds Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), and Associate in Risk Management (ARM) designations • Mary Fran and her husband Dave have two sons and live in Tampa, FL
OUR CORE VALUES
Our approach is based on generations of knowledge, passion, and success. Our character is shaped by deeply-held core values – embraced by all – that have guided our mission to be the best possible insurance partner for more than 40 years:
THE GOLDEN RULE We treat clients, partners, and their teams the way we want to be treated. We do business the way it used to be done - where the entire team values the human interaction. Our first focus is on our clients, not on Wall Street.
INDEPENDENCE We cherish and protect the company we own, the culture it fosters, and the autonomy it provides to accomplish our mission.
ACCESSIBI L ITY Our entire team is approachable and available. We welcome, expect, and encourage feedback from clients, partners, and employees.
EXCELLENCE We enjoy what we do and work together collaboratively to deliver superior results for our clients, partners, and employees. We firmly believe that our sucessess today will drive the accomplishments of tomorrow.
FUN We wholeheartedly celebrate our successes together and have fun doing it!
BUI LDING A LEGACY
BESNARD GIVES BACK
Every year, a portion of our revenue goes to making the world a better place. This is at the core of who we are – a legacy made possible by our clients, employees, and partners.
Volunteer Grant Program When our employees donate their time to an eligible nonprofit, Besnard makes a monetary donation to the organization.
Matching Gift Program Our employees can make eligible donations to charities and Besnard matches their contributions.
Leadership From The Top The CEO/President donates 50% of his salary to charity.
We are always looking for new ways to make our vision a reality. To recommend a charity or to learn more about how we give back to our community, visit our website at www.besnardcharity.org. Charities we support include:
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