Mergers & Acquisitions
Relation Acquires North Shore Benefit Partners and HR Virtual Solutions
Transaction adds to Relation’s presence in Illinois and further expands Relation’s employee benefits offerings in the region
Walnut Creek, CA., November 6, 2023 —Relation Insurance Services, Inc. (“Relation”) has acquired the assets of North Shore Benefit Partners Corporations (“NSBP”) and HR Virtual Solutions, LLC (“HRVS”). Terms of the transaction were not disclosed.
NSBP and HRVS, both based in the Chicagoland area, provide employee benefits solutions to clients throughout Illinois. NSBP and HRVS will join Relation’s Great Lakes Region, with Bob Levy, NSBP principal, and Joe Indovina, HRVS principal, continuing to lead their respective firms under Relation.
“We are thrilled to welcome NSBP and HRVS to Relation and are excited about the expansion of our Illinois employee benefits practice.,” said Tim Hall, CEO of Relation. “Their collective experience and knowledge of employee benefits solutions will enhance our services provided in the Illinois marketplace.”
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.