Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency Inc. (InSource), in San Antonio, and Shepard Insurance Agency (Shepard), headquartered in McAllen.
InSource and Shepard provide commercial and personal lines insurance solutions to clients throughout South Texas, including San Antonio, McAllen and the Rio Grande Valley. Leveraging industry experience, product expertise and local relationships, InSource and Shepard help clients in all aspects of risk management. The two firms serve clients in a variety of industries, including energy, transportation and logistics.
InSource and Shepard will join Relation’s Central Region. Boyd Reeh, president of InSource, and Kent Shepard, president of Shepard, will continue their leadership roles at their respective firms.
Terms of the transaction were not disclosed.
Headquartered in Walnut Creek, Calif., Relation Insurance Services is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London.
Source: Relation Insurance Services
Topics Mergers & Acquisitions Texas Agencies
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