WALNUT CREEK, Calif.–Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of InSource Insurance Agency, Inc. (“InSource”), headquartered in San Antonio, Texas and Shepard Insurance Agency (“Shepard”), headquartered in McAllen, Texas.
InSource and Shepard provide commercial and personal lines insurance solutions to clients throughout South Texas, including San Antonio, McAllen and the Rio Grande Valley. Leveraging industry experience, product expertise and local relationships, InSource and Shepard help clients in all aspects of risk management. The two firms serve clients in a variety of industries, including energy, transportation and logistics.
InSource and Shepard will join Relation’s Central Region. Boyd Reeh, President of InSource, and Kent Shepard, President of Shepard, will continue their leadership roles at their respective firms.
“We are proud to welcome the InSource and Shepard teams to Relation and we are excited about further growth in the Texas marketplace,” said Tim Hall, Executive Vice President and Head of M&A at Relation. “These two firms are built on culture and client trust and they represent ideal partners for Relation.”
Terms of the transaction were not disclosed.
Source: Relation Insurance Services, Inc.
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”