Mergers & Acquisitions
Relation Insurance Services Acquires Kamm Insurance Group, Inc., Creates New Business Unit
Walnut Creek, CA., February 24, 2022—Relation Insurance Services, Inc. (“Relation”) announced today it acquired the assets of Kamm Insurance Group, Inc. (“Kamm”). The transaction went into effect on December 31, 2021 and terms of the transaction were not disclosed.
Founded in 1921, Kamm has served Chicago and the surrounding communities for 100 years under Kamm family ownership. With offices in Chicago, Medinah, and Park Ridge, Kamm provides comprehensive risk management and consulting services to businesses and individuals across the country. Bill Kamm will continue with Relation and will serve as the Chairman of Kamm. Adam Kamm will continue to lead the day-to-day operations for Kamm as a part of Relation and will serve as President of Relation’s Great Lakes region.
Upon the acquisition of Kamm, Relation formed the “Great Lakes region” business unit to support further growing its presence in the Chicagoland and Great Lakes regions. Under Bill and Adam Kamm’s leadership, Relation is poised to aggressively grow the Great Lakes region via additional acquisitions, recruiting, and new product development.
“We’re thrilled to partner with Bill and Adam Kamm and the entire Kamm team,” said Tim Hall, Executive Vice President for Relation. “Kamm is a tremendous firm with an outstanding reputation in the market. We see significant growth potential in Chicagoland and the broader Great Lakes region.”
“Our partnership with Relation reflects our shared values and deep commitment to our clients, employees and insurance community. We could not have picked a better partner to take our collective vision to another level,” said Adam Kamm, President of Kamm Insurance Group.
The acquisition of Kamm was Relation’s final transaction in 2021 and capped off a record-setting year for the firm. With 33 acquisitions completed in 2021, Relation continues to deepen its product and service offerings, broaden its national footprint, and maintain its steady trajectory of organic and inorganic growth.
About Relation Insurance Services, Inc.
Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States. It is ranked by Insurance Journal within the top 30 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 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 CONTACT
Tim Hall, EVP & Head of M&A
Relation Insurance Services, Inc.
P: 312-714-7279