Reliance Global Group sells Altruis Benefit Consulting for $8 million cash plus up to $1 million earnout

Bitget2026/10/01 12:18

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Reliance Global Group sold substantially all assets of Altruis Benefit Consulting for USD 8 million cash, with up to USD 1 million earnout.
Deal closed Sept. 23, 2026; earnout tied to annual revenue growth over the following three years.
Buyer’s USD 3.1 million secured promissory note was paid in full on Sept. 30, 2026.
About USD 7.5 million has been received; USD 461,729 remains in customary indemnity and working capital holdbacks.
Transaction extends Reliance’s portfolio monetization strategy following the Sept. 11, 2026 sale of Southwestern Montana Insurance Center.

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: 202610010818PRIMZONEFULLFEED9837424) on October 01, 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 Group sells Altruis Benefit Consulting for $8 million cash plus up to $1 million earnout

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