Mergers & Acquisitions
Relation Insurance Continues Oklahoma Expansion with Addition of Lucht Insurance Group
Walnut Creek, Calif., October 13, 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 the assets of Lucht Insurance Group (“Lucht”). Terms of the transaction were not disclosed.
Located in Muskogee, Oklahoma, Lucht is a privately-owned insurance brokerage firm that provides employee benefits and individual health solutions to companies and individuals throughout eastern Oklahoma. The acquisition of Lucht builds upon Relation’s prior acquisition of Premier Consulting Partners, one of the leading insurance brokerages in the Oklahoma marketplace.
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.
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Tim Hall, EVP & Head of M&A
Relation Insurance Services