Relation Acquires Truck Insurance Mart
Sica | Fletcher advises Truck Insurance Mart, Inc. (“TIM”) in its sale to
Relation Insurance Services (“Relation”).

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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.

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