Relation Insurance Services recently announced the acquisition of the assets of York Insurance Services, Inc. located in Forest Hill, Maryland. The transaction, finalized on May 31, 2024, marks another strategic move for Relation as it continues to expand its reach in the insurance brokerage industry. While the financial terms of the deal were not disclosed, York owner Butch Tilley will remain in charge of the office following the acquisition.
Relation Insurance Services, known for actively seeking partnerships to enhance its geographic footprint, has been recognized as one of the top 25 largest agencies in the country by revenue according to Insurance Journal. With approximately 1,350 employees spread across more than 137 locations nationwide, Relation is a significant player in the insurance brokerage sector. Moreover, as a privately held corporation backed by Aquiline Capital Partners, a reputable private equity firm headquartered in New York and London, Relation is well-positioned for further growth and expansion in the industry.
This latest acquisition reflects Relation’s commitment to strategic growth and expansion through partnerships and acquisitions. With the addition of York Insurance Services, Relation strengthens its presence in Maryland and reinforces its position as a key player in the insurance brokerage market. As Relation continues to pursue opportunities for growth and expansion, industry experts and stakeholders will be closely watching the company’s next moves in the competitive insurance landscape.
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