Relation Insurance acquires the Haney company from Maryland

Relation Insurance Services reports that it has acquired the assets of The Haney Company, Inc. of Silver Spring, Maryland.

The transaction became effective on May 1, 2024; terms were not disclosed.

Haney offers employee benefits, commercial and personal insurance products. The agency is a specialist in insurance and pension programs for associations and their directors.

The firm was formed through the merger of separate practices founded by Brian Haney and his father Allen. Brian Haney, his brother Scott and their father Allen will continue to lead the Maryland office as part of Relation Insurance.

“Joining Relation will help us deliver superior value, unlock more resources and ensure we continue to deliver an exceptional experience,” said Brian Haney.

The California relationship is ranked by Insurance Journal as one of the nation’s 25 largest agencies by revenue and employs approximately 1,350 people in more than 137 locations nationwide. Relation is a private corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London.

TOPICS
Maryland Mergers and Acquisitions