Reliance Global sells Southwestern Montana Insurance Center business to Scali for USD 2.63 million

Reuters2026/09/09 13:59

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Reliance Global Group entered a deal to sell Southwestern Montana Insurance Center to Scali Insurance Group in an equity and asset transaction.
Cash consideration set at USD 2.63 million at closing, based on 8.75x pro forma EBITDA of USD 300,000.
Earnout tied to EBITDA for the 12 months ending Aug. 31, 2027, paid at 8.75x any amount above USD 300,000.
Closing effective Sept. 1, 2026 for accounting; buyer must fund by Sept. 11, 2026 or the deal can be terminated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041914), on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Reliance Global sells Southwestern Montana Insurance Center business to Scali for USD 2.63 million

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