M&A Deal Summary

Relation Acquires Garrity Insurance

On November 15, 2022, Relation acquired insurance company Garrity Insurance

Acquisition Highlights
  • This is Relation’s 58th transaction in the Insurance sector.
  • This is Relation’s 60th transaction in the United States.
  • This is Relation’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-11-15
Target Garrity Insurance
Sector Insurance
Buyer(s) Relation
Deal Type Add-on Acquisition

Target

Garrity Insurance

Cambridge, Massachusetts, United States
Garrity Insurance is an independent insurance agency that offers a choice of plans and programs and is a full-service insurance resource for a broad range of commercial, personal, and automobile insurance products. Garrity Insurance is based in Cambridge, Massachusetts.

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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 60 of 71
Sector (Insurance) 58 of 69
Type (Add-on Acquisition) 52 of 63
State (Massachusetts) 1 of 1
Country (United States) 60 of 71
Year (2022) 23 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Relation Education Services

Walnut Creek, California, United States

Relation Education Services provides student health plans, international benefits, faculty and staff benefits, and cultural exchange health plans, while expanding the existing portfolio in areas such as student athletics, amateur sports, and recreational programs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Laird Insurance

Kilgore, Texas, United States

Laird Insurance provides a full range of insurance products including property and casualty coverage. Laird Insurance was founded in 1923 and is based in Kilgore, Texas.

Buy -
Mergr

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