Reliance Sells Montana Insurance Center for $2.625mln Cash

Reliance Global Group has completed the sale of its Southwestern Montana Insurance Center subsidiary for $2.625 million in cash and an uncapped earnout based on EBITDA performance by August 31, 2027. The transaction is part of the company's portfolio monetization strategy, which aims to strengthen its balance sheet and redeploy capital into its AI platform and high-growth InsurTech initiatives. No shares were issued in connection with the transaction, and the sale of the Michigan-based Altruis Benefit Consulting agency is expected to follow.