Richard Aniello President of Aniello Insurance Agency

Aniello Insurance Agency 

September 16th 2020 

Catherine did a fabulous job for us when we decided to entertain offers to sell our agency. 

When we started this project we thought we could do it on our own. We spent a considerable amount of time coming up with the information needed to receive offers, and after receiving the various offers we decided we were better at selling insurance than selling our agency. 

We interviewed several consultants and we felt that Catherine would provide us the best service and we were not disappointed. From the initial pro forma, to analyzing the offers, to defending the proforma, and the final due diligence Catherine was with us the entire way. 

If you have any questions or wish to discuss further feel free to give me a call on my cell phone, 702 498 7009. 

Sincerely, 

Richard Aniello President

Micheletti Insurance Services

September 28, 2020

We are ever grateful to Catherine Oak and Oak & Associates for their expertise and professional knowledge in guiding us through the complex process of selling our firm. We were so impressed from the onset with Catherine’s strong, direct yet friendly style we realized we had made the right decision in selecting Oak & Associates to administer the process.  Catherine’s skill in the marketplace is top of class. Her leadership and focus throughout the process was invaluable.  The admiration Catherine commands in the industry is so vital to bring the right qualified and eligible purchasers to the table.  Understanding the market as Catherine does allowed us to receive the best possible outcome. In addition, her valuation of our agency from the beginning was extremely accurate. We so appreciate her energy in directing us to choose a buyer that was the right-fit for us.  Having worked so hard to build our business, it was key to us that this step was the best workable situation, not only for us, but also our employees and for our clients as well.  Catherine was very aware of our needs and compassionate in guiding us to select the most suitable purchaser.  I would whole-heartedly recommend Oak & Associates to any agency considering their options for the future.

David J. Micheletti, CEO

Mark Polivka, Owner of Monarch Insurance

I was referred to Catherine Oak after speaking with an owner who contracted with her on his sale. We originally had her work on a perpetuation plan, which included minority owners. 

It was clear that a sale was in everyone’s best interest.  After interviewing two other national firms we again chose Catherine.  She brought a number of buyers. I believe she was responsible for the sale and at a higher price than anticipated.  Catherine did what she said she would do and acted in a very professional manner.

I would highly recommend Catherine Oak of Oak & Associates.

Mark Polivka

Owner 

Monarch Insurance Services, Inc.

Honolulu, Hawaii

Kevin C. Murphy, Owner of Sierra Insurance and SVP of Heffernan Ins. Group

December 29, 2020

Working with Catherine Oak has been a wonderful experience – and I highly
recommend Catherine for valuation and as our front-end negotiator.   We
began to consider options to take our firm to the next level, and Catherine
helped us plan the path for success.  

The end result was a very desirable multiple with a substantial addition in value added services, customer support, and leadership.  We simply love our new direction.   

A $1mm+ revenue firm our size is not a large firm by any means, but Catherine went
the extra mile to make sure the path forward was smooth and pain minimized.
Merging or Acquiring an insurance firm is a huge life event, and I can think
of no better partner to guide anyone forward than Catherine Oak and her
team.  

Thank you Catherine!

Sincerely,

Kevin C. Murphy

Owner of Sierra Insurance and

Senior Vice President of the Heffernan Ins. Group

Ken Tucker, ONFP

| sold my book of business at the end of 2019 utilizing the services of Catherine at Oak & Associates. I was referred to her by my CIC mentor of 40 years. Catherine did a professional evaluation of my book of business down to the penny and was able to get a valuation for me that was way larger than what the buyers were offering. She took the time to gather all the necessary information from me, came up with ideas that I never thought of and made me understand my true value as well. 

She is professional, has a deep understanding of our insurance industry, highly intelligent, responsive, caring, and a pleasure to work with and most importantly a skilled negotiator. I truly believe I would have gotten less than half using someone else or trying to negotiate on my own. 

I highly recommend Catherine Oak and would welcome anyone to call me to discuss. 

Ken Tucker NEP #805-368-8341 

Steve Mahlum, MVP Insurance

Steve Mahlum, MVP Insurance

August, 2018

To Whom it May Concern:

When I decided to sell my agency, I asked a few other agency managers who they would use for a consultant to help me through the process. All included Catherine Oak of Oak & Associates as being one of the top candidates. After talking with each of them, I felt it was a pretty easy decision to hire Catherine based upon her knowledge and experience in this arena.

Initially I wanted to attempt to cut expenses and was working hard to come up with the required information for the buyer on my own, with an assist from Catherine. I soon discovered that it was best left up to Catherine to organize all of the required data for submission. That way I could continue to concentrate on the business while she concentrated on the sale of it.

Catherine did a great job of organizing all of the required date needed for submission and went above and beyond to make sure that the details were taken care of as well. She was familiar with the process from the beginning to the end and that helped the process, the negotiations and the final result in a very positive way.

I highly recommend Catherine Oak of Oak & Associates for any of your consulting needs.  Please let me know if you need to discuss further.

Steve Mahlum

Larry T. Hughston, President of Davis-Dyer-Max, Inc.

Catherine Oak was very instrumental in bringing the right buyer to me for our firm.  For years we assumed perpetuation would be the answer. However, Catherine sat down with me and performed an in depth review of the pros and cons of Perpetuation vs Acquisition.  The picture became very clear that Acquisition was the way to go for our agency.  

Oak & Associates helped us clean up several issues which brought more value to our bottom line.  With Catherine’s help and guidance along the way, the transition went very smoothly.  She is a real pro, and knows the in’s and out’s of the Independent Agency System.  

I would highly recommend Catherine Oak and Oak & Associates!

Larry T. Hughston, CIC

President

Davis-Dyer-Max, Inc.

3200 Broadway Blvd., Suite 400

Garland, TX  75043

Cell #214-236-5849

larry.hughston@davis-dyer-max.com

Jon D. Matosian – Co-Owner Hardrock Insurance Solutions, Inc.

We’re very fortunate to have had the opportunity to have Catherine Oak of Oak & Associates assist us in the sale of our Insurance Brokerage.  There are some rough waters out there when trying to navigate your way through the process and she guided us from beginning to end.  

Her vast experience in Brokering Insurance Businesses, creating the necessary Valuation/profile ahead of the sale and acting as a Price Negotiator on our behalf was impressive.  Key to our success was the portfolio of interested buyers she works with regularly and they also value her expertise which brought legitimacy to us as sellers.   

Thank you Catherine for making this a very successful and financially beneficial event for us.

Jon & Lisa Matosian

Kevin C. Murphy, SVP & Owner of Sierra Insurance

“Working with Catherine Oak has been a wonderful experience – and I highly
recommend Catherine for valuation and as our front-end negotiator.   We
began to consider options to take our firm to the next level, and Catherine
helped us plan the path for success.  The end result was a very desirable
multiple with a substantial addition in value added services, customer
support, and leadership.  We simply love our new direction.   A $1mm+
revenue firm our size is not a large firm by any means, but Catherine went
the extra mile to make sure the path forward was smooth and pain minimized.
Merging or Acquiring an insurance firm is a huge life event, and I can think
of no better partner to guide anyone forward than Catherine Oak and her
team.  Thank you Catherine!”

Roger Wilbur – Senior VP of BBT Insurance, Fullerton, CA

Catherine is very knowledgeable about the industry and business model topics.  She engages with the audience for the purpose of teaching, interacting and development.  Over a two-year span, she created seminars on critical industry and business-related issues addressing state of the state, trends, options, solutions, tools, sales and solutions. She was our Board of Directors’ unanimous choice to continue to invite back to speak to our association members.