Relation Acquires Truck Insurance Mart
Sica | Fletcher advises Truck Insurance Mart, Inc. (“TIM”) in its sale to
Relation Insurance Services (“Relation”).
Overview of Transaction
TIM is a retail brokerage firm founded in 1969 by Donald Beilman with two locations (Edwardsville in the Kansas City metro area and Galva in Central Kansas north of Wichita).
TIM is focused exclusively on the insurance needs of trucking companies, small fleets, contract haulers and owner operators, and is a leader in the trucing niche.
TIM agreed to partner with Relation, a top 40 National Insurance Broker headquartered in Walnut Creek, CA.
Significance of Transaction
TIM’s specialty expertise and penetration present Relation the opportunity to expand the offering across its national network.
With the support of Relation’s resources and access to previously unavailable prospects, TIM has an opportunity for significant growth.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to TIM 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.