Reliance Global’s Altruis unit sells employee benefits insurance agency assets for $8 million

Bitget2026/09/30 10:01

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Reliance Global Group unit Altruis Benefit Consultants sold its employee benefits insurance agency assets to Altruis Benefit Management.
Purchase price set at $8 million, subject to a post-closing working capital adjustment.
Consideration included USD 4,440,782.60 cash, a USD 3,097,488.40 secured promissory note due Sept. 30, 2026.
Buyer withheld USD 300,000 for indemnity, USD 161,729 for working capital; release tied to claims and final adjustment.
Deal includes up to USD 1 million earnout over three years, tied to revenue growth versus the year ended June 30, 2026.

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: 0001493152-26-044941), on September 30, 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’s Altruis unit sells employee benefits insurance agency assets for $8 million

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