• ITVI.USA
    17,113.070
    186.890
    1.1%
  • OTRI.USA
    28.200
    0.000
    0%
  • OTVI.USA
    17,079.400
    184.170
    1.1%
  • TLT.USA
    3.090
    0.190
    6.6%
  • TSTOPVRPM.ATLPHL
    2.630
    0.060
    2.3%
  • TSTOPVRPM.CHIATL
    3.080
    -0.090
    -2.8%
  • TSTOPVRPM.DALLAX
    1.180
    -0.060
    -4.8%
  • TSTOPVRPM.LAXDAL
    3.210
    -0.070
    -2.1%
  • TSTOPVRPM.PHLCHI
    1.630
    -0.090
    -5.2%
  • TSTOPVRPM.LAXSEA
    3.360
    0.070
    2.1%
  • WAIT.USA
    121.000
    1.000
    0.8%
  • ITVI.USA
    17,113.070
    186.890
    1.1%
  • OTRI.USA
    28.200
    0.000
    0%
  • OTVI.USA
    17,079.400
    184.170
    1.1%
  • TLT.USA
    3.090
    0.190
    6.6%
  • TSTOPVRPM.ATLPHL
    2.630
    0.060
    2.3%
  • TSTOPVRPM.CHIATL
    3.080
    -0.090
    -2.8%
  • TSTOPVRPM.DALLAX
    1.180
    -0.060
    -4.8%
  • TSTOPVRPM.LAXDAL
    3.210
    -0.070
    -2.1%
  • TSTOPVRPM.PHLCHI
    1.630
    -0.090
    -5.2%
  • TSTOPVRPM.LAXSEA
    3.360
    0.070
    2.1%
  • WAIT.USA
    121.000
    1.000
    0.8%
BusinessNewsTrucking

Reliance Partners acquires fellow Volunteer State insurance company

Fast-growing Reliance Partners is growing with the acquisition of another Tennessee-based insurance carrier focused on transportation, Capacity Southeast Agency.

Reliance made the announcement Thursday. Reliance is in Chattanooga; Capacity Southeast is in Nashville.

Debra Brake, the president of Capacity Southeast, will join Reliance, as will its senior vice president, Jessie Merritt. Brake will be senior vice president of sales. Meritt will be vice president of sales.

Brake has more than 30 years in the industry while Merritt was recently elected as chairman of the Young Professionals Council of the Tennessee Trucking foundation. Reliance, in announcing the transaction, said Merritt has eight years of experience.

In a prepared statement announcing the deal, Reliance President Chad Eichleberger said the deal “represents an important strategic opportunity to expand our regional footprint and further emphasizes Reliance Partners’ focus on the transportation and logistics industry.”

Reliance has been a regular part of the Inc 5000 list of fastest-growing companies in America. In the most recent list, it came in at 1,366, with a three-year growth rate of 327%. It earlier had shown up on the list between 2016 and 2019 at 729, 461, 591 and 1,021, respectively.

In her own statement on the deal, Brake said putting her company together with Reliance Partners “allows us to deliver the best possible experience to our clients in terms of service, safety, and offerings. Jessie and I chose Reliance Partners for their dedication to leadership, culture, and growth.”

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.

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