Mergers & Acquisitions
Relation Insurance Services, Inc. Acquires the Assets of Truck Insurance Mart, Inc.
Walnut Creek, CA., November 10, 2021—Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Kansas-based Truck Insurance Mart, Inc. (“Truck”). Terms of the transaction were not disclosed.
Truck provides insurance solutions to trucking companies, small fleets, contract haulers and owner operators throughout the country. Leveraging industry experience, product expertise and relationships, Truck helps clients in all aspects of risk management. Truck is headquartered in Edwardsville, KS, with a satellite location in Galva, KS. Lucy Harrity, CEO, will continue to lead Truck under Relation.
“We are proud to welcome the entire Truck team to Relation and are excited about growing our Central Region footprint with them,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. “Truck brings expertise in the transportation industry, and we look forward to serving their customers and growing our presence throughout the country. Truck is built on culture and client trust, and they represent ideal partners for Relation”
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 35 largest agencies in the country by revenue and has approximately 1,000 employees across more than 100 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.
Tim Hall, EVP & Head of M&A
Relation Insurance Services, Inc.