Relation Insurance Services acquires Adams Insurance Agency in Maryland
Relation Insurance Services, a US insurance brokerage, has acquired the assets of Adams Insurance Agency based in Maryland for an undisclosed price.
Previously, Adams Insurance Agency was a part of the exclusive distribution model of Nationwide Mutual Insurance.
Adams Insurance Agency caters to clients across Maryland and surrounding states with commercial and personal lines insurance solutions.
It is said to be among the largest former Nationwide exclusive agencies that became independent. Adams Insurance Agency will join Relation Select – the Main Street/small commercial division of Relation Insurance Services.
Mert Adams, Vincent Reaver, and Denise Adams will continue to lead Adams Insurance Agency under Relation Select.
Apart from that, Mert Adams will focus on organic growth initiatives more largely within Relation Select.
Mert Adam – President of Adams Insurance Agency said: “We believe that our partnership with Relation will greatly enhance both of our operations.
“Our people, processes and customers will all benefit from the additional scale and resources Relation brings to the table.”
The deal is said to continue the recent acquisitions by Relation Insurance Services of various former Nationwide exclusive agents and the creation of Relation Select to be a platform for agencies focused on Main Street/small commercial and personal lines business.
Tim Hall – Executive Vice President and Head of Mergers and Acquisitions for Relation Insurance Services said: “We are thrilled to welcome Mert, Denise, Vincent and the entire Adams team to the Relation family and are excited about entering the Maryland marketplace.
“Mert and his team have a proven history of strong organic growth at their agency and we look forward to bringing those processes and results to our entire Relation Select division.”
Earlier this month, Relation Insurance Services acquired McGhee Insurance Northwest Arkansas, which serves personal and commercial line clients in the Northwest Arkansas region.