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PE-backed Relation acquires Woller-Anger assets

Relation Insurance Services, which is backed by Aquiline Capital Partners, has acquired the assets of Wisconsin-based Woller-Anger, a retail insurance agency.

Relation Insurance Services, which is backed by Aquiline Capital Partners, has acquired the assets of Wisconsin-based Woller-Anger, a retail insurance agency. No financial terms were disclosed.

PRESS RELEASE

WALNUT CREEK, Calif.–(BUSINESS WIRE)–Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Wisconsin-based Woller-Anger & Company, LLC (“Woller-Anger”). Terms of the transaction were not disclosed.

Woller-Anger & Company, LLC (“Woller-Anger”) is a full-service retail insurance agency, and offers commercial lines, personal lines, and life & health coverages for clients across a diverse range of industries. Woller-Anger is headquartered in Elm Grove, WI and will join Relation’s Great Lakes Region. Erv Woller and Bob Anger will continue to lead Woller-Anger under Relation.

“We are excited to welcome Erv, Bob, and the entire Woller-Anger team to Relation and are looking forward to growing our Midwest footprint with them,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation.

About Relation Insurance Services, Inc.
Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States. It 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. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit www.relationinsurance.com for more information.