Walnut Creek, California-headquartered Relation Insurance Services said it has acquired the assets of Maryland-based Insurance, Inc. Terms of the transaction were not disclosed.
Insurance, Inc. provides personal and commercial lines insurance and employee benefits throughout Maryland and is headquartered in Owings.
Amir Krell and Tracy Sutton will continue to lead Insurance, Inc. under Relation going forward, according to Tim Hall, head of mergers and acquisitions for Relation.
Relation Insurance Services 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.
Primary ownership interests in Relation are held by private equity firm Aquiline Capital Partners.
Topics Mergers & Acquisitions
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