| STRATEGIC INVESTMENTS AND BUSINESS COMBINATIONS |
NOTE
3. STRATEGIC INVESTMENTS AND BUSINESS COMBINATIONS
To
date, we have acquired the following insurance agencies (see table below). As our acquisition strategy continues, our reach within the
insurance arena can provide us with the ability to offer lower rates, which could boost our competitive position within the industry.
| Acquired |
|
Reliance
100% Controlled Entity |
|
Date |
|
Location |
|
Line
of Business |
| |
|
|
|
|
|
|
|
|
| U.S.
Benefits Alliance, LLC (USBA)* |
|
US
Benefits Alliance, LLC |
|
October
24, 2018 |
|
Michigan |
|
Health
Insurance |
| |
|
|
|
|
|
|
|
|
| Employee
Benefit Solutions, LLC (EBS)* |
|
Employee
Benefits Solutions, LLC |
|
October
24, 2018 |
|
Michigan |
|
Health
Insurance |
| |
|
|
|
|
|
|
|
|
| Commercial
Solutions of Insurance Agency, LLC (CCS or Commercial Solutions) |
|
Commercial
Coverage Solutions LLC |
|
December
1, 2018 |
|
New
York |
|
P&C
– Trucking Industry |
| |
|
|
|
|
|
|
|
|
| Southwestern
Montana Insurance Center, Inc. (Southwestern Montana or Montana or SWMT) |
|
Southwestern
Montana Insurance Center, LLC |
|
April
1, 2019 |
|
Montana |
|
Group
Health Insurance |
| |
|
|
|
|
|
|
|
|
| Fortman
Insurance Agency, LLC (Fortman or Fortman Insurance or FIS)* |
|
Fortman
Insurance Solutions, LLC |
|
May
1, 2019 |
|
Ohio |
|
P&C
and Health Insurance |
| |
|
|
|
|
|
|
|
|
| Altruis
Benefits Consultants, Inc. (Altruis or ABC) |
|
Altruis
Benefits Corporation |
|
September
1, 2019 |
|
Michigan |
|
Health
Insurance |
| |
|
|
|
|
|
|
|
|
| UIS
Agency, LLC (UIS) |
|
UIS
Agency, LLC |
|
August
17, 2020 |
|
New
York |
|
P&C
– Trucking Industry |
| |
|
|
|
|
|
|
|
|
| J.P.
Kush and Associates, Inc. (Kush) |
|
Kush
Benefit Solutions, LLC |
|
May
1, 2021 |
|
Michigan |
|
Health
Insurance |
| |
|
|
|
|
|
|
|
|
| Barra
& Associates, LLC (Barra) |
|
RELI
Exchange, LLC |
|
April
26, 2022 |
|
Illinois |
|
P&C
and Health Insurance |
*This
agency was sold by the Company during fiscal year ended December 31, 2025.
|