| Acquired
Revenues |
| |
%
of Agencies Acquiring |
Average
Commissions Acquired |
%
of
Net Revenues |
| Acquisitions
Made in Last 12 Months |
12.1% |
$150,230 |
4.3% |
|
| What
the Typical Transactions Looked Like |
| Revenues
Acquired per Transaction |
 Average |
$254,015 |
| High |
$450,717 |
| Low |
$45,345 |
| Multiples
of Revenue Paid |
| Average |
1.70x |
| High |
2.25x |
| Low |
1.30x |
|
