Reliance Global Group sells Altruis Benefit Consulting for $8 million cash plus up to $1 million earnout
EZRA•Reliance Global Group sold substantially all assets of Altruis Benefit Consulting for $8 million cash plus an earnout of up to $1 million tied to annual revenue growth over three years.
1. Sale terms
The sale closed Sept. 23, 2026. About $7.5 million has been received, with $461,729 remaining in customary indemnity and working capital holdbacks.
2. Note and portfolio sales
The buyer’s $3.1 million secured promissory note was paid in full on Sept. 30, 2026. The transaction follows Reliance’s Sept. 11, 2026, sale of Southwestern Montana Insurance Center.
