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
Was this article valuable?
Here are more articles you may enjoy.
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO 
Florida Approves 6.9% Average Cut in Workers’ Comp Rates But Roofers Are Worried 
NTSB to Decide Probable Cause of Baltimore’s Key Bridge Collapse This Week 
China Accuses US of Orchestrating $13 Billion Bitcoin Hack 
