Relation Insurance Services, an insurance brokerage that offers risk management benefits and third party administrator (TPA) consulting services through its family of brands across the U.S., has entered into a definitive agreement acquiring J. Deutsch Associates Inc., a New York City-based, privately owned and operated insurance agency. Terms of the transaction are undisclosed.
The transaction is expected to bring together complementary portfolios and deepen Relation’s Education Solutions student health insurance offerings. Additionally, the acquisition expands Relation’s footprint in the Northeast. The purchase is Relation’s first in New York.
Founded in 1998, J. Deutsch Associates provides insurance to international students and scholars in the U.S. through its International Student Protection (ISP) offering, but has also evolved into a full-service brokerage offering business travel accident insurance, group life insurance, basic and voluntary accidental death and dismemberment insurance, statutory disability insurance, short-term disability insurance and long-term disability insurance.
Relation Insurance Services is a privately held corporation. Alongside its private equity partners, Parthenon Capital and Century Equity Partners, the company expects to continue its growth organically and through additional acquisitions.
Source: Relation Insurance Services
Topics Mergers & Acquisitions New York
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