Mergers & Acquisitions
Relation Insurance Services Acquires Garrity Insurance
Walnut Creek, CA., November 15, 2022— Relation Insurance Services, Inc. (“Relation”) acquired the assets of Garrity Insurance. (“Garrity”). The transaction went into effect on November 1, 2022; terms of the transaction were not disclosed.
“We joined Relation knowing that this partnership would enable us to better serve our customers,” Bill Garrity, President of Garrity Insurance said. “Partnering with Relation will allow us to tap into great resources of specialized expertise and a broad network of carrier relationships to truly offer our customers the very best coverage.”
Serving Massachusetts individuals and businesses for more than 100 years, Garrity has five office locations including Cambridge (headquarters,) Dedham, Marblehead, Salem and Belmont. Bill Garrity, President, will continue running the day-to-day operations at the Garrity offices as part of the Relation family of brands.
“By partnering with such a reputable and experienced company as Garrity, Relation has greatly enhanced its footprint in the East,” Tim Hall, Executive Vice President and Head of M&A for Relation said, “Garrity brings tremendous experience in risk management solutions to Relation, and we are excited to welcome their team to ours.”
About Relation’s Mergers & Acquisitions
Relation Insurance Services is actively seeking partnerships to expand its offerings, industry expertise, and geographic footprint. Relation offers a seat at the table to insurance entrepreneurs with equity ownership opportunities and a people-first approach that optimizes outcomes for employees and clients. For more information on joining the Relation family of brands, visit partnerwithrelation.com.
About Relation Insurance Services, Inc.
Relation Insurance Services is an insurance brokerage that offers superior risk management and benefits consulting services across the United States. It is ranked by Insurance Journal within the top 25 largest agencies in the country by revenue and has approximately 1,350 employees across more than 137 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit: www.relationinsurance.com for more information.
M&A CONTACTS
Tim Hall, President
Relation Insurance Services, Inc.
P: 312-714-7279
E: [email protected]