Reliance Global Group Inc (RELI)

[Ronin_Trader]

RELIANCE MERGER HISTORY ACQUISITIONS DD


Possible Reverse Merger Target - Reliance Global Holding, LLC
https://www.relianceglobalholdings.com



The Making of a mini Berkshire Hathaway - in RELI, Reliance Global Group Inc.



Reliance Global Group, Inc. is a Company with extensive experience in both the Insurance and Real Estate sectors. We intend to continuously grow our Company generically and through acquisitions.
https://www.otcmarkets.com/stock/RELI/profile


New RELI CEO and CFO appointed in Oct 2018
CEO - Ezra Beyman
CFO - Alex Blumenfrucht

Ethos Media Networks, Inc. (EOMN) Announces a Change of Control
https://www.otcmarkets.com/stock/RELI/news/story?e&id=1189798


Ezra Beyman and Alex Blumenfrucht are also the board members of Reliance Global Holding, LLC

Chairman of Reliance Global Holding, LLC - Ezra Beyman
https://www.relianceglobalholdings.com/ezra-beyman
CFO of Reliance Global Holding, LLC - Alex Blumenfrucht
https://www.linkedin.com/in/alex-blumenfrucht-cpa-76bb59a1/


The Lawyer, John Lowy, mentioned as a point of contact for RELI, in the below Oct RELI PR, specialize in reverse mergers.

Ethos Media Networks, Inc. (EOMN) Announces a Change of Control
https://www.otcmarkets.com/stock/RELI/news/story?e&id=1189798

Reverse Mergers & IPO's
We have taken more than 200 companies public via reverse merger, IPO or other. $5B+ in shareholder value.
johnlowylaw.com


Name changed on FL SOS to RELIANCE GLOBAL GROUP, INC. on 10/19/18

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=OfficerRegisteredAgentName&directionType=PreviousList&searchNameOrder=BEYMANEZRA%20P130000642401&aggregateId=domp-p13000064240-8b1c44f7-bcce-4eaf-a13a-107cd7c17e8a&searchTerm=Beyman%20ezra&listNameOrder=BEYMANEZRA%20F030000056091

Ticker changed to RELI from EOMN on 11/14/18 (Search EOMN for Oct)
http://otce.finra.org/DailyList


15-12G filed on 9/21/18
https://www.otcmarkets.com/stock/RELI/disclosure


Same addresses...
Located
40 Wall Street
New York, New York 10005
Trump Building





Reliance Global Holding, LLC, and Reliance Global Group Inc. (RELI) address

-----------------------------

-----------------------------





Reliance Global Holding, LLC - address
https://www.relianceglobalholdings.com/contact
Reliance Global Group Inc. (RELI) - address
https://www.otcmarkets.com/stock/RELI/profile


Ezra Beyman had intentions for an IPO back in 2009 and as recent as 2018 for $10 a share.

Reliance Real Estate Trust, LLC - 2018 IPO for $10 per share
https://www.sec.gov/Archives/edgar/data/1717023/000138713118000740/rret-1aa_022118.htm

EMPIRE AMERICAN REALTY TRUST, INC. - 2009 IPO for $10 per share
https://www.sec.gov/Archives/edgar/data/1466085/000114420409056307/v159523_s11a.htm#tRF


~~


Reliance Global Holding, LLC - History

-----------------------------

-----------------------------

https://www.relianceglobalholdings.com/history




~~


Gallo Insurance Agency - Acquired in 2005
http://galloagency.com



-----------------------------

-----------------------------




Established in 1949, Gallo Insurance has set the standard for excellence in customer service for the insurance industry of South Florida. We know the area, and as an independent agency, we work with a variety of carriers to get the best insurance protection at the right price for you. In addition to our 60 plus years in the community, our team of experienced, specialized agents is the best in the business!
http://galloagency.com/about




Estimated $9.2 Million Revenues

-----------------------------

-----------------------------

https://www.zoominfo.com/c/gallo-insurance-agency/34442142



-----------------------------

-----------------------------



-----------------------------

-----------------------------




~~


Cove Agency - Acquired in 2006
http://coveinsurance.com/index.html



-----------------------------

-----------------------------




Cove was established 18 years ago by Debbie Higgins and her husband.
https://www.businesswire.com/news/home/20061012005490/en/Gallo-Insurance-Acquires-Cove-Insurance-Agency




Estimated $4.4 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/cove-insurance-agency/35935160




~~


Geisenheimer Insurance Agency - Acquired in 2006
https://tgiainsurance.com



-----------------------------

-----------------------------




For over 45 years, Geisenheimer Agency has provided personalized service to businesses that are too small to be noticed by the big agencies. Over time, the Agency’s service model allowed it to attract even larger accounts seeking an enhanced level of service.
Alan Geisenheimer opened the Agency in 1972 after working seven years for New York Life. Though the Agency rarely advertises, it has seen steady growth in business each year for over thirty years, sometimes as much as 20%. Much of the growth comes from client and professional referrals.
https://tgiainsurance.com/about




Estimated $12.6 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/geisenheimer-insurance-agency/345981833




~~


Empire Empire American Holdings LLC/Reliance Holding completed a deal worth $1.09 Billion dollars whereby, the NYSE real estate trust, Equity Residential (EQR) sold the Ledford housing division to Empire.

Equity Residential selling Ledford for $1.09 billion - Acquired in 2006
https://www.bizjournals.com/columbus/stories/2006/07/10/focus5.html



-----------------------------

-----------------------------




Equity Residential Properties Trust of Chicago plans to sell its Columbus-based Lexford housing division to a private New Jersey investor in a deal worth $1.09 billion.
Equity Residential's board approved the deal June 28 to sell 289 apartment complexes with 27,115 apartment units in 10 states to privately held Empire Group Holdings LLC of Montvale, N.J., according to a press release.


~~


Empire Empire American Holdings LLC/Reliance Holding purchased multifamily property from the NYSE company HFF, Inc (HF) for $173 Million.

HFF Closes $173 Million Sale of a Nine-Property Multifamily Portfolio in Indiana and Nebraska - Acquired in 2007
https://www.businesswire.com/news/home/20070905006362/en/HFF-Closes-173-Million-Sale-Nine-Property-Multifamily



-----------------------------

-----------------------------




HFF senior managing directors Matthew Lawton and Dave Keller, and directors Sean Fogarty and Marty O’Connell led investment sales team exclusively on behalf of the seller, Gibraltar Properties, Inc. Empire American Holdings LLC purchased the portfolio for $173 million free and clear of debt.


~~


Florida Chartered Insurance Group - Acquired 2007
https://fciginsurance.com



-----------------------------

-----------------------------




Florida Chartered Insurance is a multi-line independent insurance agency located in Altamonte Springs Florida area and has been serving Florida statewide since 1996. We currently service over twenty thousand insureds and policies, and because we are an independent agency we work for you.
https://fciginsurance.com/about




Estimated $13.4 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/florida-chartered-insurance/347450550




~~


Silver Insurance and Davenport Insurance Agency - Acquired in 2008

Acquired by Empire Insurance Holdings in 2008, FCIG Insurance has expanded to encompass three prominent agencies, Florida Chartered Insurance Group, Silver Insurance and Davenport Insurance Agency.
https://fciginsurance.com/about



-----------------------------

-----------------------------




Silver Insurance Estimated $1.2 Million Revenue
-----------------------------

-----------------------------

https://www.zoominfo.com/c/silver-insurance-agency-inc/374894608




Davenport Insurance Agency Estimated $1.4 Million Revenue
-----------------------------

-----------------------------

https://www.zoominfo.com/c/the-davenport-insurance-agency-inc/426826448




~~


Empire Empire American Holdings LLC/Reliance Holding acquired the 2,877 unit Springhill Lake Apartments in Greenbelt, Md, the largest garden-style apartment community in the Mid-Atlantic region for $275 Million.

One Big Repositioning: Springhill Lakes Properties - Acquired in 2008
https://www.multifamilyexecutive.com/property-management/apartment-trends/one-big-repositioning_o

Empire American Holdings, which acquired the property for $275 million in June, was able to trump 20 other bids. “Empire beat out a lot of very good qualified buyers by moving very quickly and putting hard money down, a substantial nonrefundable deposit of $5 million at contract signing,” says Scott Melnick, a managing principal at Transwestern's Institutional Multifamily Group.



-----------------------------

-----------------------------




~~


Matchton Insurance - Acquired in 2009
http://kinempire.homestead.com/insurance.html



-----------------------------

-----------------------------




Estimated $1.4 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/gregg-matchton-corp/62917055




~~


Bankers Alliance - Acquired in 2013
http://baigonline.com



-----------------------------

-----------------------------




Bankers Alliance Insurance Group, was founded in 2006 by a group of Florida professionals who made a transition from the general real estate industry to the manufactured/mobile home insurance industry to meet a specific need.
http://baigonline.com/about




Estimated $7.2 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/bankers-alliance-insurance-group-llc/20698758




~~


Florida Specialty Insurance - Acquired in 2015
http://floridaspecialty.com

Since 1997, Florida Specialty Insurance Company is proud to be a leading provider of property insurance products and related services.



-----------------------------

-----------------------------




Estimated $15.8 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/florida-specialty/370109192




~~


Desoto Moulton portfolio : consisted of 11 insurance agencies - Acquired in 2016
http://desotomoulton.com

Desoto Moulton Insurance Agency,a Florida-based company, has served the insurance needs of families from across the Sunshine State. Conveniently situated in West Florida, our company can ensure that you are getting the hometown service you would expect from a Florida-based agency.



-----------------------------

-----------------------------




Has 6 locations:

Desoto Moulton Insurance
243 N. Brevard Ave.
Arcadia, FL 34266

Desoto Moulton Insurance
1314 Jackson Ave
Chipley, FL 32428

Desoto Moulton Insurance
770 Ponce De Leon Blvd. Ste 305
Coral Gables, FL 33134

Desoto Moulton Insurance
2933 S Florida Ave Suite 1
Lakeland, FL 33803

Desoto Moulton Insurance
2025 Murrell Rd Ste 130
Rockledge, FL 32955

Desoto Moulton Insurance
7550 US Hwy 1
Vero Beach, FL 32967




Estimated $27.4 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/desoto-moulton-insurance/34982327




~~


Lee County Insurance Agency - Acquired in 2016
http://allleecountyinsurance.com

We service the North Fort Myers area and throughout the state of Florida.

We offer all types of Personal Insurance coverages to our clients in Florida including ATV, Auto Insurance, Boat & Watercraft, Collector Car, and Condo Insurance.



-----------------------------

-----------------------------




Estimated $4.8 Million Revenue

-----------------------------

-----------------------------

https://www.zoominfo.com/c/lee-county-insurance-agency-inc/66208785




~~


Reliance Global Holding, LLC - Real Estate
https://www.relianceglobalholdings.com/properties
http://www.efficientcorporate.com/our_communities
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144113494


~~

Summary of the above acquisitions not including the properties from the real estate links.

$9.2 Million - Gallo Insurance Agency - 2005
$4.4 Million - Cove Insurance Agency - 2006
$12.6 Million - Geisenheimer Insurance Agency - 2006
$1.09 Billion - Columbus-based Lexford housing division - 2006
$173 Million - Nine-Property Multifamily Portfolio in Indiana and Nebraska - 2007
$13.4 Million - Florida Chartered Insurance Group - 2007
$1.2 Million - Silver Insurance Agency - 2008
$1.4 Million - Davenport Insurance Agency - 2008
$275 Million - Springhill Lake Apartments in Greenbelt, Md - 2008
$1.4 Million - Matchton Insurance - 2009
$7.2 Million - Bankers Alliance Insurance Group - 2013
$15.8 Million - Florida Specialty Insurance Company - 2015
$27.4 Million - Desoto Moulton Insurance Agency - 2016
$4.8 Million - Lee County Insurance Agency - 2016


~~


Also to note...
Empire sold some Jacksonville, Florida properties in 2015 for nearly $20 million.

One of New York's 'most powerful and secretive real estate families' buys 3 local apartment complexes for $20M
https://www.jaxdailyrecord.com/article/one-new-yorks-most-powerful-and-secretive-real-estate-families-buys-3-local-apartment


~~


Robza73’s valuation post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144113494

Keep in mind Empire did one deal worth $1.09 Billion when they purchased the Columbus-based Lexford housing division.

Equity Residential selling Ledford for $1.09 billion - Acquired in 2006
https://www.bizjournals.com/columbus/stories/2006/07/10/focus5.html


~~


Under RELI, Reliance Global Group Inc.


Employee Benefits Solution and U.S. Benefits Alliance - Acquired Oct 2018
https://www.ebsagency.com



------------------------------

------------------------------





Estimated combined Revenue $914,000

EOMN Announces First Acquisition
https://www.otcmarkets.com/stock/RELI/news/story?e&id=1205551


~~


LOI with “unaffiliated niche insurance agency servicing New Jersey, New York, Pennsylvania and Maryland, the name of which cannot be disclosed at this time” - LOI Oct 2018

Estimated $600,000 Revenue

EOMN Announces Pending Acquisition
https://www.otcmarkets.com/stock/RELI/news/story?e&id=1209148


~~


LOI with “...unaffiliated niche insurance agency. The agency specializes in placing Group Health Insurance for businesses in the Northwest.” - LOI Nov 2018

Estimated $1.5 Million Revenue

RELI Announces Pending Acquisition
https://www.otcmarkets.com/stock/RELI/news/story?e&id=1227915


~~