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Reliance Global Group completes sale of Southwestern Montana Insurance Center for USD 2.63 million cash plus earnout

PUBT·09/14/2026 12:31:27
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Reliance Global Group completes sale of Southwestern Montana Insurance Center for USD 2.63 million cash plus earnout
  • Reliance Global Group completed the sale of Southwestern Montana Insurance Center for USD 2.63 million cash at closing.
  • Deal includes an uncapped earnout tied to EBITDA for the 12 months ending Aug. 31, 2027.
  • Earnout equals 8.75x EBITDA above USD 300,000; purchase price also reflected 8.75x pro forma EBITDA of USD 300,000.
  • Transaction closed Sept. 11, 2026, effective Sept. 1, 2026; no shares were issued.
  • Proceeds earmarked to support balance sheet flexibility, investment in the RELI Exchange AI platform, and term debt repayment.


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 GlobeNewswire (Ref. ID: 202609140830PRIMZONEFULLFEED9825571) on September 14, 2026, and is solely responsible for the information contained therein.