California-based Relation Insurance Services has reached across the country to acquire trucking industry specialist Allen Insurance Group, headquartered in Georgia.
Based in Fort Valley, Georgia, Allen offers commercial lines and daily rental and modular container programs, the companies said in a news release. Gary Allen and Tricia Adams will continue with the merged company.
Relation Insurance, with corporate offices in Walnut Creek, California, calls itself a fast-growing national insurance agency with 125 locations around the country. It is backed by Acquiline Capital Partners, a private equity firm.
Was this article valuable?
Here are more articles you may enjoy.
Insurance IPOs Hit 20-Year High on Wall Street 
Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline 
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance 
UPS Plane That Crashed Had ‘Fatigue Cracks’ in Engine Mount, Preliminary Report Finds 
