National specialty insurance broker Risk Strategies has acquired Castle Rock Capacity, a property/casualty insurance broker with a specialty in the construction, real estate and development industries.
Headquartered in New York City, Castle Rock was co-founded in 2006 by Jon Lipton, CEO and president. The firm’s offerings include builders risk, contractors insurance and bonds, general and product liability, restaurant, directors and officers, and home and auto insurance.
Lipton is an insurance industry veteran with 25 years of experience. His experience includes having serving as an expert witness in construction, hospitality, real estate and product liability cases.
In addition to its focus on construction and real estate, Castle Rock also has business nutraceuticals, life sciences and professional services.
“Becoming part of Risk Strategies greatly expands our capabilities and access to virtually all aspects of insurance offerings,” Lipton told customers in a letter before the deal was announced.
Terms of the deal were not disclosed.
Boston-based Risk Strategies now has more than 30 specialty practices and 100 offices.
Topics Mergers & Acquisitions New York
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