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Reliance Global Group Completes Sale of Southwestern Montana Insurance Center for $2.625 Million in Cash at Closing Plus Uncapped Earnout

  • Reliance Global Group, Inc. (NASDAQ: EZRA) completed the sale of its Southwestern Montana Insurance Center subsidiary for $2.625 million in cash at closing.
  • The transaction includes an uncapped earnout based on the agency's EBITDA performance for the twelve months ending August 31, 2027, with no shares issued.
  • The closing occurred on September 11, 2026, effective as of September 1, 2026, representing 8.75 times pro forma EBITDA of $300,000.
  • Proceeds will be redeployed into the proprietary AI platform RELI Exchange, other high-growth InsurTech initiatives, & the repayment of term debt.
  • This sale continues the portfolio monetization strategy launched in 2025 to divest non-core agencies & strengthen the balance sheet.
  • The transaction adds to the previously announced expected sale of the Michigan-based Altruis Benefit Consulting agency.
  • Chairman & CEO Ezra Beyman stated the deal reflects a disciplined capital allocation approach to build a more focused technology-driven company.