Reliance Partners is an insurance agency offering commercial insurance products for the transportation and logistics industry. The private equity-backed company[1] is based in Chattanooga, Tennessee, with eight additional office locations throughout the United States.

History

Reliance Partners was founded in 2009 by Andrew Ladebauche and a group of Chattanooga logistics entrepreneurs.[2] In August 2015, Reliance Partners appointed Andrew Ladebauche as CEO and hired Chad Eichelberger as president and COO.[3] Eichelberger previously served as president of Access America Transport and president of Brokerage with Coyote Logistics.[4] In November 2015, Laura Ann Howell joined the team as vice president after working for Thompson Appalachian Hardwoods where she also founded a trucking company and freight brokerage[5]

In 2016, Reliance Partners Birmingham, Alabama, branch opened in December 2016.[6] In October of 2017, logistics industry veteran Ronald Ramsey joined Reliance Partners as Chief Commercial Officer. A Chicago, Illinois, branch opened in November 2017 to expand market presence in the Midwest.[7] Reliance Partners opened an office in Tampa, Florida, in April 2018.[8] Branon Richards joined the executive leadership in 2018 as Chief Sales Officer and to lead the new Austin, Texas, branch.[9] Reliance opened a Milwaukee, Wisconsin, office later the same year.[10]

In 2020, Reliance Partners acquired the assets of Capacity Southeast, a Nashville, Tennessee–based retail insurance agency[11] before announcing the acquisition of Ohio-based Borderless Coverage in 2021.[12] The company also expanded their corporate footprint in Chattanooga, Tennessee, signing a lease with disability insurer, Unum.[13] Later in 2021, Tennessee Governor Bill Lee announced grants totaling $1.3 million for training and the expansion of Reliance's recently opened Chattanooga headquarters would lead to the creation of 100 additional jobs.[14]

In August 2022, Reliance Partners announced an investment from Carousel Capital, a Charlotte, North Carolina–based private equity firm.[15] In October 2022, the company announced its intentions to open a new office location in Phoenix, Arizona.[16] In January of 2023, the Phoenix location opened up and is expected to have 60 employers by end of 2023.

Awards and recognition

References

  1. ^ "Carousel Capital invests in transportation-focused insurance broker Reliance". pehub.com. 29 August 2022.
  2. ^ "Flush with cash, Lamp Post plots road ahead". Timesfreepress.com.
  3. ^ "Reliance Partners Appoints New Members To Executive Team". chattanoogan.com. 5 November 2015.
  4. ^ "Coyote Logistics and Access America Transport Merger Complete - Coyote". Coyote. coyote.com. 31 March 2014.
  5. ^ "Thompson Appalachian Hardwoods". www.komatsuamerica.com.
  6. ^ "Reliance Partners Taps Claridy to Lead New Alabama Office". insurancejournal.com. 9 December 2016.
  7. ^ "Business Briefs: Chattanooga-based Reliance Partners adds Chicago office". timesfreepress.com. 28 April 2023.
  8. ^ "Reliance Partners Taps Johnson". insurancejournal.com. 27 April 2018.
  9. ^ "Reliance Partners Opens Austin Office, Names Richards Chief Sales Officer". 20 November 2018.
  10. ^ "Tennessee-based insurance agency Reliance Partners opens Franklin office". biztimes.com. July 2019.
  11. ^ "Reliance Partners acquires Tennessee-based insurance agency". www.spglobal.com. Archived from the original on 2022-10-21. Retrieved 2025-01-04.
  12. ^ "Reliance Partners acquires cross-border insurer Borderless Coverage". freightwaves.com. 17 February 2021.
  13. ^ "Insurer Reliance Partners shifts headquarters to portion of Unum building in downtown Chattanooga". Yahoo News. 2021-06-29. Retrieved 2025-01-04.
  14. ^ Hair, Molly (November 16, 2020). "Governor Bill Lee, Commissioner Rolfe Announce Reliance Partners to expand Chattanooga headquarters". tnecd.com.
  15. ^ "Carousel Capital invests in transportation-focused insurance broker Reliance".
  16. ^ "Reliance Partners Announces Intentions to open in Phoenix".
  17. ^ "FreightTech Awards - Freight Tech Innovators & Disruptors". FreightTech.
  18. ^ "Reliance Partners 2022 Best Workplaces in Financial Services and Insurance". fortune.com.
  19. ^ "Working at Reliance Partners Great Place to Work".
  20. ^ "Reliance Partners is a 2022 Inc 5000 Honoree". inc.com.
  21. ^ "Top Insurance Employers 2022". insurancebusinessmag.com.
Allikas: https://en.wikipedia.org/wiki/Reliance_Partners
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