Relation Acquires Allen Insurance Group
Sica | Fletcher advises Allen Insurance Group, Inc. (“Allen”) in its sale to
Relation Insurance Services (“Relation”).
Overview of Transaction
Founded in 1952, Allen is a trucking/transportation-related retail insurance agency located in Fort Valley, Georgia.
The Company’s largest block of business is through its daily rental program (business auto) for leasing companies renting commercial trucks and trailers. Allen’s second exclusive program is a modular container program (general liability) for lessors of semi-trucks/modular units. Both programs are endorsed by major leasing franchises and associations in the industry
Allen agreed to partner with Relation, a top 40 National Insurance Broker headquartered in Walnut Creek, CA.
Significance of Transaction
Allen’s specialty expertise allows Relation the opportunity to expand its offerings across its national network. The transaction is the latest in a string of acquisitions made by Relation in the trucking/transportation space.
With the support of Relation’s resources and access to previously unavailable prospects, Allen has an opportunity for significant growth.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Allen and explored multiple options for the firm before partnering with Relation.
Transactions such as this one demonstrate why Sica | Fletcher continues to rank #1 in the agency and brokerage advisory space.