M&A Deal Summary

Relation Acquires NSBP

On November 6, 2023, Relation acquired insurance company NSBP

Acquisition Highlights
  • This is Relation’s 61st transaction in the Insurance sector.
  • This is Relation’s 63rd transaction in the United States.
  • This is Relation’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2023-11-06
Target NSBP
Sector Insurance
Buyer(s) Relation
Deal Type Add-on Acquisition

Target

NSBP

Illinois, United States
NSBP provides employee benefits solutions to clients throughout 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 63 of 71
Sector (Insurance) 61 of 69
Type (Add-on Acquisition) 55 of 63
State (Illinois) 3 of 5
Country (United States) 63 of 71
Year (2023) 3 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
2023-12-14 Kane Insurance Agency

Salem, Illinois, United States

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

Buy -
Mergr

Product

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