WALNUT CREEK, Calif.–(BUSINESS WIRE)–Relation Insurance Services (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it has acquired the assets of Baughan Insurance Agency (“Baughan”). Terms of the transaction were not disclosed. The owner, Chris Baughan, was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model and will join Relation’s Main Street/small commercial division, Relation Select.
Located in Greensboro, North Carolina, Baughan provides commercial and personal lines insurance solutions, including home, auto and small commercial. This announcement follows Relation’s recent acquisition of Michael Glick Agency, Inc. and the formation of Relation Select to be a platform for agencies that focus on Main Street/small commercial and personal lines business.
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.
Contacts
M&A CONTACT
Tim Hall, EVP & Head of M&A
Relation Insurance Services
312-714-7279
tim.hall@relationinsurance.com
