Business
Reliance Global Group Enters Into Letter of Intent to Sell U.S. Benefits Alliance/EBS Business Unit; Expects Closing Within 30 Days
Transaction Expected to Enhance Financial Flexibility; 50% of Net Proceeds to Further Reduce Debt LAKEWOOD, NJ, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Reliance
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Transaction Expected to Enhance Financial Flexibility; 50% of Net Proceeds to Further Reduce Debt\nLAKEWOOD, NJ, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today announced that it has entered into a non-binding letter of intent to sell its two subsidiaries, U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC (together, “EBS”), two non-core agencies located in Cadillac, Michigan. The agreement is subject to execution of a definitive purchase agreement, as well as customary closing conditions. The Company expects the transaction to close within the next 30 days. The contemplated sale represents the ongoing execution of Reliance’s strategy to monetize non-core assets, strengthen the balance sheet, and focus resources on its growth and technology-driven initiatives. “The agreement to sell our EBS/USBA business unit marks a key step forward in our ongoing transformation into a technology-first wholesale insurance organization,” commented Ezra Beyman, Chairman and CEO of Reliance Global Group. “This transaction will allow us to monetize a non-core asset while sharpening our focus on the segments that offer what we believe are the greatest long-term opportunities for scale, profitability, and differentiation. As part of our disciplined capital allocation strategy, we plan to use 50% of the net proceeds from the transaction to further reduce debt, thereby improving our capital structure, strengthening our financial foundation, and enhancing our ability to execute on additional growth opportunities.” “The remaining proceeds will support business development initiatives, with particular emphasis on expanding RELI Exchange and 5minuteinsure.com, two platforms that we believe have the potential to redefine how agents and consumers interact with the insurance market. RELI Exchange continues to attract independent agents seeking modern tools and support, while 5minuteinsure.com leverages AI to deliver fast, personalized insurance comparisons to consumers. By reinvesting in these core initiatives, we are accelerating our progress toward becoming a leading InsurTech platform and reinforcing our commitment to delivering sustainable long-term value for our shareholders. We look forward to continuing this disciplined execution as we advance the next pha...