Chicago-based Relation Insurance Services, backed by Aquiline Capital Partners, has acquired South Pasadena, California-based PT Business Solutions. The target provides employee benefits, HR, payroll, workers’ compensation, and group retirement plans. This move expands Relation's service offerings in the competitive insurance brokerage market.

The deal adds a specialist in employee benefits and HR administration to Relation's portfolio. With approximately 1,350 employees across over 100 locations, Relation is building scale to compete with larger national firms. Acquisitions like this are common as private equity-backed brokers seek to grow through consolidation.

Investors will watch how Relation integrates PT's capabilities and leverages its expanded footprint. The transaction underscores ongoing M&A activity in the insurance distribution sector, where firms pursue strategic buys to enhance client offerings and drive growth.