Relation Insurance Acquires Privately-owned Brokerage in Virginia
- May 20, 2019
Relation Insurance Acquires Virginia Independent Brokerage Service First Insurance
Complements Relation’s Virginia Operations, Strengthens Existing Relationships with Insurance Carriers and Adds Two Seasoned Industry Professionals to Relation Team
WALNUT CREEK, CA -- Relation Insurance Services (“Relation”), a privately owned insurance brokerage that offers property and casualty, risk-management, benefits, and TPA-consulting services through its family of brands across the United States, announced it has acquired Service First Insurance (“SFI”), a privately owned and operated insurance brokerage based in Warrenton, Virginia. Terms of the transaction were not disclosed.
SFI joins Relation after more than 20 years of serving the personal and commercial insurance needs of Northern Virginia residents. The acquisition is expected to complement Relation’s current Virginia operations, strengthen its existing relationships with insurance carriers and bolster the Relation team with the addition of Rene Stevens, President of Service First, and Rick Gastley, Manager, both of whom will be based out of Relation’s Warrenton office in the next thirty (30) days.
Joe Tatum, CEO, Relation Insurance Services, commented, “We are thrilled to announce that Service First has joined the Relation Insurance Services family. With decades of history delivering personal and commercial insurance services to the Northern Virginia market, SFI has built a strong business based on an outstanding reputation for service which closely aligns with our own. We believe that the addition of SFI and its leadership team is a natural extension of Relation into Northern Virginia, and we look forward to helping them to continue their history of excellence.”
“We have built our business based on established relationships and exceptional client service,” said Rene Stevens, President of Service First. “We chose to join Relation Insurance Services because we believe that Relation’s respected leadership, best-in-class products and technologies and cultural fit will enable us to continue to grow and serve the unique needs of the businesses, families and individuals we are proud to call our clients. We are thrilled to join Relation.”