Acquisitions mark Relation’s expansion into Texas, with operations in both San Antonio and McAllen.
Relation Insurance Services, Inc. (Relation), one of the largest and fastest-growing national insurance agencies, announced it acquired the assets of InSource Insurance Agency, Inc. (InSource), headquartered in San Antonio, Texas and Shepard Insurance Agency (Shepard), headquartered in McAllen, Texas.
Recommended News: Axiom Financial Strategies Group Secures Growth Capital from Merchant Investment Management
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.
Recommended News: Unchained Capital Closes $5.5 Million Round Led by NYDIG, Including $50 Million Lending Capital Commitment
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.”
Recommended News: 360factors and Crowe Announce Joint Collaboration to Deliver Risk, Controls and Testing Content via Predict360
