BayPine-backed Relation Insurance acquires LaPlaca Insurance
Chalfont, Pennsylvania insurance agency LaPlaca, serving Philadelphia, New York and New Jersey, was acquired by BayPine-backed Relation Insurance Services; terms undisclosed.
Relation Insurance Services has acquired the assets of LaPlaca Insurance, Inc., a Chalfont, Pennsylvania agency that serves the greater Philadelphia, New York and New Jersey areas and several other states. The transaction took effect on June 30, 2026, and was announced on September 25, 2026. Terms were not disclosed.
LaPlaca offers business insurance, employee benefits and personal lines. Anne La Placa, Vice President, said her father founded the agency in 1988 and that the firm chose Relation for its shared values and greater resources. Relation CEO Tim Hall said the LaPlaca team brings 140 years of combined insurance experience and retention rates in the high 90th percentile. Relation is a privately held brokerage backed by BayPine.
Deal facts
- Target
- LaPlaca Insurance
- Business
- Insurance agency based in Chalfont, Pennsylvania, offering business insurance, employee benefits and personal lines
- Acquirer
- Relation Insurance Services
- Backed by
- BayPine
- Deal type
- Add-on
- Headquarters
- Chalfont, Pennsylvania
- Status
- Completed
- Announced
- Friday, September 25, 2026
Sources
- Business WireSep 25, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.