Reliance Global Group has entered into a non-binding letter of intent to sell its subsidiaries, U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC-two agencies based in Cadillac, Michigan. The company expects the transaction to close within 30 days, pending the execution of a definitive purchase agreement and customary closing conditions. According to Reliance Global Group, the sale is part of its strategy to monetize non-core assets and focus on technology-driven growth. Half of the net proceeds from the sale are planned to be used to reduce debt, while the remainder will be allocated to business development initiatives, particularly the expansion of RELI Exchange and 5minuteinsure.com.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9600530-en) on December 11, 2025, and is solely responsible for the information contained therein.