Reliance Global Group closes $8M cash sale of Altruis Benefit Consulting, plus up to $1M earnout

Reliance Global Group, Inc.

Altruis sale closed September 23, 2026: $8M cash purchase price with no Reliance common stock issued, plus up to $1M earnout over three years tied to annual revenue growth.
Company received ~$7.5M in cash, including full payment of the buyer's $3.1M secured promissory note on September 30, 2026; $461,729 remains held as indemnity and working capital holdbacks.
Second non-core agency divestiture under the portfolio monetization strategy, following the September 11, 2026 close of Southwestern Montana Insurance Center.
CEO Ezra Beyman said proceeds 'strengthen our balance sheet' and add capacity to invest in the RELI Exchange network and proprietary AI platform.
Reliance will continue evaluating additional sales across its agency portfolio, targeting capital redeployment to higher-growth InsurTech initiatives.

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