Reliance Global Group Acquires Premier Regional Transportation Insurance Agency
- September 25, 2020
Marks seventh successful agency acquisition in under 2 years
LAKEWOOD, NJ -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today announced that it has acquired the assets of UIS Agency, LLC (UIS), a premier regional insurance agency serving the commercial transportation industry.
Ezra Beyman, CEO of Reliance Global Group, stated, "UIS is a perfect addition to our insurance agency portfolio, as they complement our existing holdings, which includes auto transport/towing, and commercial transportation insurance. Premium rates in the transportation sector have increased steadily in recent years, driven primarily by the trucking segment. UIS has been a leader in the field for over 20 years and brings established relationships with leading carriers to offer competitive rates for drivers and trucking companies, the life blood of our economy. We are excited to consummate our seventh successful agency acquisition in under 24 months, with a much larger pending acquisition underway and others in our pipeline.”