BayPine-backed Relation adds Mid-State Insurance
The addition brings a 40-year-old, full-service insurance agency serving commercial and personal clients across the Midwest from its base in Mequon, Wisconsin.
Takeaways
- Mid-State Insurance is a Independent insurance agency serving commercial and personal clients.
- Relation Insurance Services is acquiring Mid-State Insurance with backing from BayPine.
Relation Insurance Services, a BayPine-backed brokerage, has acquired Mid-State Insurance, an independent agency based in Mequon, Wisconsin, that provides commercial, employee benefits, and personal lines coverage.
Mid-State was founded in 1986 as a life and health agency and later evolved into a full-service multi-line broker by 1989.
"Mid-State has prided itself on the reputation it has built for its focus on service, integrity, honesty, product knowledge, and involvement in the community for the last 40 years.
Joining Relation, who mirrors these values and matches it with ambition and a plan for growth, is a perfect fit," said Joe LaBarbera, president of Mid-State Insurance.
Relation, backed by Boston-based private equity firm BayPine, offers insurance entrepreneurs equity ownership and a people-first approach to optimize outcomes for employees and clients.
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