Peachtree Special Risk Brokers, LLC, a subsidiary of Brown & Brown, Inc. has announced the acquisition of RLA Intermediaries. Founded in 2010 by Jeff Hays and Chris Skaletsky, RLA Intermediaries operates as a wholesale insurance broker serving retail insurance agents. The brokerage firm is headquartered in Boston, with additional locations in West Palm Beach, Florida; Brentwood, Tennessee; Potomac Falls, Virginia; and Manassas, Virginia.
In commenting on the sale of his firm, Jeff Hays stated, “This transaction with Peachtree provides a platform for our team of brokers to lever their many strengths, which include inexhaustible work ethic, extraordinary market knowledge, and relationship-based client management. We could not be more excited for the exponential growth opportunities ahead and even greater customer satisfaction in our results.”
According to the terms of the transaction, RLA Intermediaries will continue to operate out of its existing headquarters in Boston, Massachusetts, Mr. Hays will continue to lead the newly merged entity which will evolve into a new stand-alone operation within Brown & Brown’s Wholesale Brokerage Segment.
Kathy Colangelo, a Senior Vice President overseeing certain offices in Brown & Brown’s Wholesale Brokerage Segment, stated, “Since its inception in 2010, RLA Insurance Intermediaries has grown rapidly into a premier wholesale broker. In addition to adding a number of high-quality teammates to our organization, this transaction expands the Wholesale Brokerage Segment’s footprint geographically and likewise enables us to expand the depth and breadth of products and services we can offer our customers.”
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