M&A Deal Summary

Relation Acquires Furman Insurance

On September 28, 2021, Relation acquired insurance company Furman Insurance

Acquisition Highlights
  • This is Relation’s 31st transaction in the Insurance sector.
  • This is Relation’s 33rd transaction in the United States.
  • This is Relation’s 4th transaction in South Carolina.

M&A Deal Summary
Date 2021-09-28
Target Furman Insurance
Sector Insurance
Buyer(s) Relation
Deal Type Add-on Acquisition

Target

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.

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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 33 of 71
Sector (Insurance) 31 of 69
Type (Add-on Acquisition) 30 of 63
State (South Carolina) 4 of 7
Country (United States) 33 of 71
Year (2021) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Insley Insurance

Newark, Delaware, United States

Insley Insurance is an agency providing business, personal, life, health, and financial products to clients in Delaware and the surrounding areas for nearly 35 years. Insley Insurance is based in Newark, Delaware.

Buy -
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