The add-on of Crop Rx Insurance Services gives Relation Insurance Services a foothold in crop insurance, a sector that serves agricultural producers, farmers, and agribusinesses by covering weather, commodity price, and yield risks.

Relation, a Chicago-based brokerage backed by Aquiline, now operates more than 90 locations nationwide.

The crop insurance acquisition diversifies Relation's product suite beyond traditional commercial and personal lines.

Aquiline, a private equity firm focused on financial services and insurance distribution, has been scaling Relation through a buy-and-build strategy that targets independent agencies and specialty practices.

The firm typically backs management teams to grow through acquisitions in property and casualty, employee benefits, and now agricultural risk.

Crop Rx Insurance Services is a crop insurance agency; specific details about its client base, geographic reach, and management were not disclosed.

It will operate as part of Relation, adding a new specialty capability to the platform.

Consolidation in insurance brokerage has been particularly active as firms seek specialty capabilities to differentiate.

The deal provides Relation with an entry point into the agricultural economy, which has been underserved by some large commercial brokers.

Neither party disclosed financial terms.