Aquiline Capital-backed Relation acquires G2 Insurance Services assets

• Bob Zenoni will continue to serve as president and COO of G2 Insurance

• G2 was founded in 2012 by Matthew and Jason Goldman

• Relation has about 1,200 employees across more than 125 locations nationwide

Relation Insurance Services, a portfolio company of Aquiline Capital Partners, has acquired the assets of California-based G2 Insurance Services, an insurance brokerage firm. No financial terms were disclosed.

On the acquisition, Joe Tatum, CEO of Relation, said in a public statement: “Adding G2 Insurance to the Relation team will bring together a potent combination of forward-thinking people and best-in-class products and services to what is already one of the nation’s fastest-growing insurance platforms.”

Matthew Goldman, principal/co-CEO of G2, expressed keen enthusiasm on the transaction. “When Jason and I started G2 a decade ago, we set off to build a different kind of business by building community first,” he said, also in a public statement.“We brought together the best insurance experts, technology, and personalized service to help our clients better manage and mitigate new risks. We are deeply grateful to our clients and partners for their continued trust, and to our team for their unyielding commitment to advise wisely, service extraordinarily, and protect relentlessly.”

Relation Insurance Services is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 locations nationwide.