M&A Deal Summary

Relation Acquires Kane Insurance Agency

On December 14, 2023, Relation acquired insurance company Kane Insurance Agency

Acquisition Highlights
  • This is Relation’s 62nd transaction in the Insurance sector.
  • This is Relation’s 64th transaction in the United States.
  • This is Relation’s 4th transaction in Illinois.

M&A Deal Summary
Date 2023-12-14
Target Kane Insurance Agency
Sector Insurance
Buyer(s) Relation
Deal Type Add-on Acquisition

Target

Kane Insurance Agency

Salem, Illinois, United States
Kane Insurance Agency provides a full range of insurance services, based in Salem, Illinois.

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Buyer(S) 1

Buyer

Relation

Walnut Creek, California, United States
Category Company
Founded 2007
Sector Insurance
Employees500
DESCRIPTION

Relation is a premier insurance broker that offers superior risk-management and benefits-consulting services through its family of brands across the U.S. It is ranked by Insurance Journal within the top 45 largest agencies in the country by revenue and has nearly 500 employees in more than 30 locations nationwide. Relation was founded in 2007 and is based in Walnut Creek, California.

DEAL STATS #
Overall 64 of 71
Sector (Insurance) 62 of 69
Type (Add-on Acquisition) 56 of 63
State (Illinois) 4 of 5
Country (United States) 64 of 71
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 HRVS

Illinois, United States

HRVS provides employee benefits solutions to clients throughout Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Jones & Lowe

Brownfield, Texas, United States

Jones & Lowe is an independent insurance provider. Jones & Lowe was founded in 1954 and is based in Brownfield, Texas.

Buy -
Mergr

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