| Acquired
Revenues |
| |
%
of Agencies Acquiring |
Average
Commissions Acquired |
%
of
Net Revenues |
| Acquisitions
Made in Last 12 Months |
60.0% |
$3,439,440 |
5.3% |
|
| What
the Typical Transactions Looked Like |
| Revenues
Acquired per Transaction |
 Average |
$1,997,672 |
| High |
$8,895,144 |
| Low |
$11,120 |
| Multiples
of Revenue Paid |
| Average |
1.75x |
| High |
5.5x |
| Low |
1.0x |
|
