Walnut Creek, California, August 26, 2024 — Relation Insurance Services (“Relation”) acquired the assets of Carolina Heritage Insurance, Inc. (“Carolina Heritage”). The transaction went into effect on August 1, 2024; terms of the transaction were not disclosed.

“In order to provide our clients with more resources, we needed to partner with a national brokerage firm that offered those services,” said John Alagna, Owner of Carolina Heritage. “Relation’s specialized expertise and broad network of carrier relationships offer our clients access to the best coverage options, plus their team of people were a great culture fit for us.”

Specializing in high-net-worth personal lines, Carolina Heritage is based in Hilton Head Island, South Carolina. John Alagna and Cara Crouch, Junior Partner, will continue managing that office as a valuable part of the Relation family.

“Carolina Heritage has built an outstanding reputation in their community and Relation is proud to welcome them aboard,” said Tim Hall, Chief Executive Officer for Relation. “With long-standing relationships in their area, they bring a deep understanding of their clients’ needs and the ability to provide comprehensive insurance solutions. We are excited to welcome them to our team.”

About Relation’s Mergers & Acquisitions 

Relation Insurance Services is actively seeking partnerships to expand its offerings, industry expertise, and geographic footprint. Relation offers a seat at the table to insurance entrepreneurs with equity ownership opportunities and a people-first approach that optimizes outcomes for employees and clients. For more information on joining the Relation family of brands, visit relationinsurance.com/partner-with-us.

About Relation Insurance Services

Relation Insurance Services is an insurance brokerage firm that offers superior risk management and benefits consulting services across the United States. It is ranked by Insurance Journal within the top 25 largest agencies in the country by revenue and has approximately 1,350 employees across more than 120+ locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit our About Us page for more information.

M&A CONTACTS

Nicolas Luque, Senior Director M&A
Relation Insurance Services
P: 312-690-4146
E: [email protected]

Scott Borcher, Director M&A
Relation Insurance Services
P: 312-870-9263
E: [email protected]