Reliance Global Group, Inc. acquired Schaumburg, Illinois-based Barra & Associates a provider of both personal and commercial insurance products, including property and casualty insurance, life insurance, health insurance and other insurance products.
Reliance acquired Barra for approximately $7.5 million, comprised of cash and debt. Following the transaction, Grant Barra, founder and CEO of Barra. will continue to oversee the Barra & Associates subsidiary, as well as other senior responsibilities within the Company.
Barra operates a growing network with over 60 agents and agency partners.
Reliance is combining advanced technologies, with the personalized experience of a traditional insurance agency model.
Topics Mergers & Acquisitions Illinois
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