Mergers & Acquisitions
Relation Insurance Announces Acquisition of Contract Surety Specialist Pope and Young Bonding
Continued Expansion of Relation’s P&C Platform
Walnut Creek, Calif., February 14, 2020 – Relation Insurance Services (“Relation”), a privately owned insurance brokerage that offers property and casualty, risk management, employee benefits, and TPA-consulting services through its family of brands across the United States, announced today it has acquired Pope & Young Bonding (“Pope & Young”), a privately owned and operated employee surety firm in Clovis, California. Terms of the transaction were not disclosed.
Pope & Young has established itself as a premier surety firm in Clovis. The company specializes in contract, license and permit, court, and fidelity bonds. The acquisition expands Relation’s product offering and capabilities in California. The acquisition continues to deepen Relation’s specialty service offerings, broaden its national footprint, and continue its steady growth trajectory.
“We are excited to welcome Pope & Young Bonding to the Relation family,” said Joe Tatum, CEO of Relation. “This acquisition brings new products and capabilities to our California clients, and we are excited to have Dennis Pope and Debbie Young join the Relation family.”
“We are excited to partner with Relation,” said Dennis Pope. “Combining our surety services with Relation’s suite of products will help us continue to deliver superior service and positions us for continued growth.”
Relation was formed in 2007 and is one of the nation’s leading independent insurance agencies. For more information on partnering with Relation, visit www.relationinsurance.com/about-us/mergers-and-acquisitions/.
About Relation Insurance Services
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 40 largest agencies in the country by revenue and has over 500 employees in more than 35 locations nationwide. Relation is a privately held corporation owned 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.
About Pope & Young Bonding
Pope & Young Bonding, a privately-held contract surety firm headquartered in Clovis, California, provides a comprehensive suite of surety and bond products to clients across California.
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M&A CONTACT
Tim Hall, EVP & Head of M&A
Relation Insurance Services
312-714-7279