Reliance Global Acquires Illinois’ Barra & Associates

Reliance Global Group, Inc. acquired Schaumburg, Illinois-based Barra & Associates a provider of both personal and commercial insurance products, including property and casualty insurance, life insurance, health insurance and other insurance products.

Reliance acquired Barra for approximately $7.5 million, comprised of cash and debt. Following the transaction, Grant Barra, founder and CEO of Barra. will continue to oversee the Barra & Associates subsidiary, as well as other senior responsibilities within the Company.

Barra operates a growing network with over 60 agents and agency partners.

Reliance is combining advanced technologies, with the personalized experience of a traditional insurance agency model.