Business
Reliance Global Group Completes Strategic Sale of its EBS / USBA Business Unit
Proceeds allocated to debt rationalization program and reinvestment - improvement in financial flexibility intended to accelerate new programs LAKEWOOD, NJ,
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Proceeds allocated to debt rationalization program and reinvestment - improvement in financial flexibility intended to accelerate new programs\nLAKEWOOD, NJ, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (the “Company”) today announced that it has finalized the sale of two of its subsidiaries, Employee Benefits Solutions, LLC and U.S and Benefits Alliance, LLC (together, “EBS”), two non-core agencies located in Cadillac, Michigan. The successful transaction is part of a comprehensive balance sheet rationalization program, intended to enhance the Company’s ability to execute on new initiatives. Overall, the Company has been engaged in a strategy to focus efforts on areas that the Company believes will produce better outcomes. Since acquiring U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC in 2019, Reliance has selectively integrated portions of the businesses that aligned with its long-term, technology-forward strategy into its core RELI Exchange platform. The transaction reflects the sale of only the remaining non-core components of those businesses, while the strategic elements previously integrated into Reliance’s core operations remain part of the Company’s ongoing growth initiatives. The Company will use 50% of the net proceeds to reduce debt and the balance will be reinvested in strategic business initiatives. “Successfully completing this transaction is an important step in our overall strategy to focus capital and efforts toward the areas that the Company has identified to potentially produce the best return on investment,” stated Ezra Beyman, CEO of Reliance Global Group. “While EBS has been a reliable asset, the Company has identified opportunities in areas that it believes to potentially hold greater returns for shareholders. The result, which is a strengthening of our balance sheet, increases our investment capacity and ability to act on higher return opportunities that present themselves to the Company.” Joel Markovits, the Company’s CFO added, “Combined with the debt reduction from this transaction, during 2025, we’ve been able to reduce our long-term debt by approximately $6 million, or more than 50%, and with the balance of the proceeds after debt reduction going toward reinvestment in our core platforms, RELI Exchange and 5minuteinsure.com, the Company anticipates g...