Relation Insurance acquires insurance broker Service First Insurance
Insurance acquisition news : Relation Insurance Services has acquired Virginia-based insurance brokerage Service First Insurance (SFI) for an undisclosed price.
Service First Insurance has been addressing the personal and commercial insurance requirements of Northern Virginia residents for more than 20 years.
The acquisition will complement the existing Virginia operations of Relation Insurance Services besides consolidating its relationships with insurance carriers.
Rene Stevens – President of Service First, commenting on Relation Insurance acquisition of Service First, said: “We have built our business based on established relationships and exceptional client service.
“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.”
Relation Insurance acquisition of Service First consolidates on the former’s objective to deepen its specialty services and expand its presence nationwide. Recently, Relation Insurance acquired Villane Ward, an employee benefits brokerage based in Calfornia.
Relation Insurance expects to continue its growth trajectory this year by means of more acquisitions and organic growth.
Commenting on Relation Insurance acquisition of Service First, Joe Tatum – CEO, Relation Insurance Services, said: “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.”
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