M&A Deal Summary

Relation Acquires Rabon Insurance

On April 26, 2022, Relation acquired insurance company Rabon Insurance from Nationwide Mutual Insurance

Acquisition Highlights
  • This is Relation’s 49th transaction in the Insurance sector.
  • This is Relation’s 51st transaction in the United States.
  • This is Relation’s 11th transaction in North Carolina.

M&A Deal Summary
Date 2022-04-26
Target Rabon Insurance
Sector Insurance
Buyer(s) Relation
Sellers(s) Nationwide Mutual Insurance
Deal Type Divestiture

Target

Rabon Insurance

Monroe, North Carolina, United States
Rabon Insurance is a provider of personal and commercial lines insurance solutions to clients throughout North Carolina and is headquartered in Monroe, North 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 51 of 70
Sector (Insurance) 49 of 68
Type (Divestiture) 7 of 7
State (North Carolina) 11 of 11
Country (United States) 51 of 70
Year (2022) 14 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 Dahlmeier

Oroville, California, United States

Dahlmeier is an all-lines P&C and Employee Benefits agency providing insurance solutions to clients throughout Northern California. Dahlmeier was established in 1948 and is headquartered in Oroville, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Guaraldi

Lebanon, New Hampshire, United States

Guaraldi provides personal and commercial lines insurance solutions to clients. Guaraldi was founded in 1969 and is based in Lebanon, New Hampshire.

Buy -

Seller(S) 1

SELLER

Nationwide Mutual Insurance

Columbus, Ohio, United States
Category Company
Founded 1925
Sector Insurance
DESCRIPTION
Nationwide office in Raleigh, North Carolina.
Nationwide office in Raleigh, North Carolina.

Nationwide is a diversified insurance and financial services organization that provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. Nationwide was formed in 1925 and is based in Columbus, Ohio.

DEAL STATS #
Overall 7 of 7
Sector (Insurance) 6 of 6
Type (Divestiture) 7 of 7
State (North Carolina) 2 of 2
Country (United States) 7 of 7
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Yarborough

Columbia, South Carolina, United States

Yarborough is a provider of personal and commercial lines insurance solutions to clients throughout South Carolina. Yarborough is headquartered in Columbia, South Carolina.

Sell -
Mergr

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