Mergers & Acquisitions
Relation Insurance Services Acquires the Assets of Rabon Insurance Agency
Walnut Creek, CA., April 26, 2022—Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of North Carolina-based Rabon Insurance Agency (“Rabon”). Rabon was previously part of Nationwide Mutual Insurance Company’s (“Nationwide”) exclusive distribution model. Terms of the transaction were not disclosed.
Rabon provides personal and commercial lines insurance solutions to clients throughout North Carolina and is headquartered in Monroe, NC. Rabon is a long-standing Nationwide exclusive agent that went independent and will join the Relation East division. Ashley Rabon will continue to lead Rabon under Relation.
“Ashley has built a strong operation and we are excited to have him and the entire Rabon team join Relation,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. “This addition further strengthens our already strong North Carolina footprint and provides the Rabon team new products and services to offer their clients.”
About Relation Insurance Services
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 35 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