WALNUT CREEK, Calif.--(BUSINESS WIRE)--Relation Insurance Services (“Relation”) acquired the assets of H Group Benefits, Inc. (“H Group Benefits”). The transaction went into effect on June 30, 2024; terms of the transaction were not disclosed.
“We were exploring ways to serve our clients in a more holistic way and Relation was the right fit,” said David Heller, President of H Group Benefits. “Relation’s thoughtful, transparent culture and broad network of resources offers our clients access to the best coverage options and a superior service experience.”
Offering a full range of employee benefit insurance products H Group Benefits is based in Northbrook, Illinois. David Heller will continue managing that office as a valuable part of the Relation family.
“H Group has an outstanding reputation in their community and Relation is proud to welcome them aboard,” said Tim Hall, Chief Executive Officer for Relation. “Their experienced team strengthens our Employee Benefits consulting practice by providing comprehensive insurance solutions to our clients. We are excited to welcome them to our team.”
About Relation’s Mergers & Acquisitions
Relation Insurance Services is actively seeking partnerships to expand its offerings, industry expertise, and geographic footprint. Relation offers a seat at the table to insurance entrepreneurs with equity ownership opportunities and a people-first approach that optimizes outcomes for employees and clients. For more information on joining the Relation family of brands, visit relationinsurance.com/partner-with-us.
About Relation Insurance Services
Relation Insurance Services is an insurance brokerage firm that offers superior risk management and benefits consulting services across the United States. It is ranked by Insurance Journal within the top 25 largest agencies in the country by revenue and has approximately 1,350 employees across more than 137 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.
M&A CONTACTS
Nicolas Luque, Senior Director M&A
Relation Insurance Services
P: 312-690-4146
E: nicolas.luque@relationinsurance.com
Scott Borcher, Director M&A
Relation Insurance Services
P: 312-870-9263
E: scott.borcher@relationinsurance.com
