Reliance Companions, which has grown into one of many nation’s greatest insurance coverage companies serving the trucking and logistics industries via inside progress since its begin in 2009, has made the primary of what may very well be a number of acquisitions.
The Chattanooga-based business insurance coverage company introduced Thursday that it has acquired the belongings of Capability Southeast Company, a transportation-focused insurance coverage company based mostly in Nashville. Capability Southeast Company’s President, Debra Brake, and Senior Vice President, Jessie Merritt, are becoming a member of Reliance Companions’ group.
Chad Eichelberger, president of Reliance Companions, stated the corporate is different company acquisitions sooner or later to complement its personal natural progress. He known as the acquisition of Capability Southeast “an essential strategic alternative to increase our regional footprint and additional emphasizes Reliance Companions’ give attention to the transportation and logistics business.
“We’re smitten by having Jessie and Debra on the group because of their a few years of expertise within the transportation and logistics area,” he stated.
Brake has greater than 30 years of transportation insurance coverage expertise and can be becoming a member of Reliance Companions as a senior vice chairman of gross sales. Merritt joins Reliance Companions as a vice chairman of gross sales. Merritt was not too long ago elected as chairman for the Tennessee Trucking Basis’s Younger Professionals Council and has eight years of trucking insurance coverage expertise.
“We selected Reliance Companions for his or her dedication to management, tradition, and progress,” Brake stated. “For these causes, we’re so happy to be on the identical group.”
Reliance Companions is among the fastest-growing business insurance coverage companies within the nation and expects to guide greater than $200 million of insurance coverage enterprise this yr.
Reliance Companions was based in 2009 by Andrew Ladebauche and a bunch of Chattanooga logistics entrepreneurs centered on the trucking business. Reliance expanded to supply warehousing and different business strains of insurance coverage in 2010.
The corporate has about 160 staff at areas in Chattanooga, Chicago, Milwaukee, Tampa, Birmingham, Alabama, Sacramento, California, and Austin, Texas. Reliance has a nationwide consumer base largely concentrated within the transportation and logistics industries.
Contact Dave Flessner firstname.lastname@example.org at 423-757-6340.
click hear for more Finance Updates