Relation Insurance Service, and insurance brokerage company, has acquired employee benefits developer Villane Ward Insurance Services.
The value of the transaction was not disclosed.
Villane Ward is a California-based benefits company which provides employers with healthcare, HR and benefit compliance, benefit administration, self-insurance and individual insurance. There are a variety of insurance products available to employees including individual, group, medical, dental, life, health savings, and 401(k) group retirement plans, among others.
Through this acquisition, Villane is hoping to expand its capabilities and potential opportunities, while still providing its existing client-based with ‘first-class’ customer service.
Relation Insurance Services CEO Joe Tatum said, “We are very excited to welcome VillaneWard to the Relation family.
“This partnership will not only greatly strengthen our employee benefits operations in California, it also creates opportunities for them to work closely with the Pan American team to expand existing product portfolios and deliver outstanding brokerage services to the Fresno market. We look forward to leveraging their significant track record of success and continuing to deliver the highest level of service, with the best solutions, for our clients.”
In addition to bringing Relation’s employee benefits program to the US West Coast, the deal will support the deepening of its specialty services. The company recently acquired J. Deutsch Associates, an insurance agency for student health insurance solutions, as well as policies for travel, group life, accidental death, and disability.
Relation is expecting to continue its growth across 2019 both organically and through acquisitions.
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