Relation enters the New Orleans marketplace with the acquisition of BRK
Relation Insurance Services (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Louisiana-based BRK Insurance Group (“BRK”). Terms of the transaction were not disclosed.
BRK provides employee benefits and commercial lines insurance solutions to clients throughout Louisiana and is headquartered in New Orleans, LA. Rick Grubb will continue to lead BRK, and the agency will fold into Relation’s Central Region.
“We are very excited about our partnership with Rick and the entire BRK team,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. “Their commitment to customers and longstanding relationships in the New Orleans marketplace make them the ideal partner for Relation.”
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 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.
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Contacts
Contact for Relation Insurance Services, Inc.
Georgia Williams
georgia.williams@relationinsurance.com
(919) 847-1839
M&A CONTACT
Tim Hall, EVP & Head of M&A
Relation Insurance Services, Inc.
P: 312-714-7279
E: tim.hall@relationinsurance.com
