Reliance Global Group agrees to sell Southwestern Montana Insurance Center to Scali for $2.625M cash

Reliance Global Group, Inc.

Sells 100% of Southwestern Montana Insurance Center to Scali LLC for $2.625M cash, 8.75x $300k pro forma EBITDA.
Contingent earnout of 8.75x EBITDA above $300k for 12 months to Aug 2027, uncapped, due within 90 days post-anniversary.
Transaction structured as equity and asset purchase; SMI becomes wholly owned subsidiary of Scali post-closing.
Julie and Jessica Blockey, SMI's managing directors, to sign Managing Director Agreements; Julie's initial term 16 months.
Non-compete restricts Reliance in Montana and within 5 miles of SMI's office; closing payment due by Sept 11, 2026.

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