M&A Deal Summary

Relation Acquires Pitts Insurance Team

On September 23, 2021, Relation acquired insurance company Pitts Insurance Team

Acquisition Highlights
  • This is Relation’s 30th transaction in the Insurance sector.
  • This is Relation’s 32nd transaction in the United States.
  • This is Relation’s 3rd transaction in South Carolina.

M&A Deal Summary
Date 2021-09-23
Target Pitts Insurance Team
Sector Insurance
Buyer(s) Relation
Deal Type Add-on Acquisition

Target

Pitts Insurance Team

Columbia, South Carolina, United States
Pitts Insurance Team is an independent insurance agency offering a comprehensive suite of insurance solutions to protect you from the unexpected. Pitts Insurance Team was founded in 1981 and is based in Columbia, South Carolina.

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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 32 of 71
Sector (Insurance) 30 of 69
Type (Add-on Acquisition) 29 of 63
State (South Carolina) 3 of 7
Country (United States) 32 of 71
Year (2021) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Perry Insurance Group

Lexington, South Carolina, United States

Perry Insurance Group provides personal and commercial lines insurance solutions to clients throughout South Carolina. Perry Insurance Group was founded in 1998 and is based in Lexington, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Furman Insurance

Greenville, South Carolina, United States

Furman Insurance provides personal and commercial lines insurance solutions to clients. Furman Insurance was founded in 1888 and is based in Greenville, South Carolina.

Buy -
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