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The relationship buys three Business Insurance agencies



Relation Insurance Inc. with private equity support announced this week the acquisition of two agencies in Texas and one in Arkansas, which added about 30 employees to the broker.

The terms of the offers were not disclosed.

Walnut Creek, California-based Relations said they had acquired InSource Insurance Agency Inc. in San Antonio and Shepard Insurance Agency in McAllen, Texas.

Both agencies cover commercial and personal lines for customers in South Texas, including for energy, transportation and logistics companies, said a statement from Relation.

InSource has 10 employees and Shepard has 17, a Relation spokeswoman said.

On Wednesday, Relation announced that it had acquired Rogers, Arkansas-based The McKinney Group, a small personal and commercial agency that operates McGhee Insurance Northwest Arkansas.

Relation, which was acquired by Aquiline Capital Partners LLC in 201

9, is the 37th largest broker of American business, according to Företagsförsäkring latest ranking.


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