Reliance Global Group Acquires Barra & Associates

Relation Insurance Services Acquires Engle and Associates Insurance Brokers

May 1, 2025

Financial Services

Relation Insurance Services acquired the assets of Engle and Associates Insurance Brokers effective May 1, 2025; financial terms were not disclosed. The deal brings the 45+-year family-owned San Luis Obispo insurance agency into Relation's national platform, giving Engle access to Relation's carrier relationships, tools and specialties while keeping local leadership in place.

Relation Insurance Services Acquires the Assets of Guaraldi Insurance

May 10, 2022

Insurance

Relation Insurance Services, a PE-backed national insurance brokerage based in Walnut Creek, California, acquired the assets of New Hampshire-based Guaraldi Insurance. Terms were not disclosed; Tim Guaraldi will continue to lead the Guaraldi team under Relation as the firm expands its Northeast footprint.

Brown & Brown, Inc. Acquires Global Risk Partners Limited

March 8, 2022

Insurance

Brown & Brown, Inc. has entered into an agreement to acquire Global Risk Partners Limited (GRP) from funds advised by Searchlight Capital Partners; the transaction is expected to close in Q3 2022 subject to regulatory approvals, including the UK Financial Conduct Authority. GRP is a London-headquartered independent insurance intermediary with roughly 2,100 employees, operations across 110+ locations in the UK and Ireland, and annual revenue of approximately $340 million.

Reliance Global Group Acquires Medigap Health Insurance Company

December 22, 2021

Insurance

Reliance Global Group, Inc. (NASDAQ: RELI) entered into a definitive agreement to acquire Medigap Health Insurance Company, an insurance brokerage in Florida specializing in Medicare supplement insurance, in an asset purchase expected to close in early 2022. The transaction, valued at approximately $19.6 million in cash and restricted common stock, is intended to expand Reliance's presence in the Medicare supplement market and leverage operational synergies with its existing portfolio.

CI Financial Acquires New York RIA Barrett Asset Management

March 11, 2021

Financial Services

CI Financial Corp. agreed to acquire Barrett Asset Management, a New York-based registered investment advisor with approximately US$2.5 billion in assets under management. The deal expands CI's U.S. wealth-management footprint and scale in New York, subject to customary regulatory and closing conditions.

Cetera Financial Group Acquires BAR Financial LLC

January 13, 2021

Financial Services

Cetera Financial Group has acquired BAR Financial LLC, a financial services firm comprising nearly 300 independent financial professionals, 25 employees, and about $4 billion in AUM. BAR will transition to a Cetera-owned, region-managed group while retaining brand autonomy; BAR's founding partners will serve as Regional Directors for three years to ensure a smooth succession.