The transaction adds to Relation’s presence in the Eastern region and further expands Relation’s footprint in Connecticut.
WALNUT CREEK, Calif., April 12, 2022–(BUSINESS WIRE)–Relation Insurance Services (“Relation”), one of the largest and fastest growing national insurance agencies, today announced the acquisition of the assets of Connecticut-based BAE, LLC under the name of Yerkes-Stephens Insurance. (“Yerkes-Stephens”). Yerkes-Stephens was formerly part of Nationwide Mutual Insurance Company’s (“Nationwide”) proprietary distribution model. Terms of the transaction were not disclosed.
Yerkes-Stephens provides personal and commercial insurance solutions to customers throughout Connecticut and is headquartered in Guilford, CT. Yerkes-Stephens is a longtime national exclusive agent who has become independent and will join Relation’s Main Street/small commercial division. Andy Stephens will continue to lead Yerkes-Stephens under Relation.
“We are thrilled to welcome Andy and the entire Yerkes-Stephens team to Relation and are excited to grow our Connecticut footprint with them,” said Tim Hall, executive vice president and head of mergers and acquisitions. for Relationship. “Andy and his team know the Connecticut market extremely well and we look forward to serving their customers and growing our presence throughout the state.”
About Relationship Assurance Services
Relation Insurance Services is an insurance brokerage company that provides superior risk management and benefits consulting services through its family of brands across the United States. It is ranked by Insurance Journal as one of the nation’s 35 largest agencies by revenue and has approximately 1,200 employees in more than 125 locations nationwide. Relation is privately backed by Aquiline Capital Partners, a New York and London-based private equity firm that invests in financial services and technology companies around the world. To visit www.relationassurance.com for more information.
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Contact for Relationship Insurance Services, Inc.
Tim Hall, Executive Vice President and Head of Mergers & Acquisitions
Relationship Insurance Services, Inc.
Such. : 312-714-7279
Email: [email protected]