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Relation Insurance Services Acquire the Assets of Insurance Broker Services | Region

WALNUT CREEK, Calif.–(BUSINESS WIRE)–Aug 16, 2022–

Relation Insurance Services (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of California-based Innovative Broker Services. Terms of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220816005102/en/

Relation Insurance Acquires Innovative Broker Services (Graphic: Business Wire)

Innovative Broker Services offers full-services employee benefits solutions to clients in California and is headquartered in Folsom, CA. Tom Avery will continue to lead Innovative Broker Services under Relation going forward.

“We are thrilled to welcome Tom Avery and his team to Relations,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relations. “Innovative Broker Services brings expertise and added depth to our existing footprint in the California marketplace and we are excited to have them.”

About Relation Insurance Services

Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services across the United States. It is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visitwww.relationinsurance.comfor more information.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220816005102/en/

CONTACT: M&A CONTACT

Tim Hall, EVP & Head of M&A

Relation Insurance Services, Inc.

Q: 312-714-7279

E:[email protected]

Contact for Relation Insurance Services, Inc.

Georgia Williams

[email protected]

(219) 741-9539

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES

SOURCE: Relation Insurance Services, Inc.

Copyright Business Wire 2022.

PUB: 08/16/2022 07:30 AM/DISC: 08/16/2022 07:32 AM

http://www.businesswire.com/news/home/20220816005102/en

Copyright Business Wire 2022.

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