Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Securitas Insurance Partners LLC, a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity backed portfolio companies. Terms of the deal were not disclosed.
Risk Strategies’ national practice expanded in 2019 with the acquisition of private equity specialist, Krauter & Company. Acquiring Securitas builds on this momentum, increasing operational depth while adding expertise in assisting non-private equity entities with their growth through acquisition risk and insurance needs, according to a company press release.
Headquartered just outside of Philadelphia, Securitas has national and international clients in life science, healthcare, technology, new energy and financial services. The firm offers industry and risk-specific products and services to local, national and international clients during all growth stages.
Securitas typically works with its clients throughout the life cycle of their investment, supporting acquisitions and divestitures, as well as the ongoing programmatic insurance needs of the portfolio companies.
Risk Strategies offers risk management advice as well as insurance and reinsurance placement for property and casualty, health care and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals and has access to all major insurance markets.
Source: Risk Strategies
Topics Mergers & Acquisitions
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