Risk Strategies announced it is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services, a subsidiary of Johnson Financial Group. Following the completion of due diligence, the transaction is expected to close in 45-60 days.
JIS is a leading independent, full-service agency offering personal insurance and life, commercial property and casualty, and group employee benefits insurance products and services to protect individuals and businesses since 1985. With 133 associates statewide, the agency is one of the top 10 largest independent insurance agencies in Wisconsin. Under the terms of the purchase and assumption agreement, Risk Strategies will acquire the agency as a whole.”
Risk Strategies is the ninth largest privately held U.S. insurance broker with approximately $1.3 billion in annual revenue, 4,500 associates and more than 30 specialty practices nationwide. Upon closing, JIS will be Risk Strategies’ first acquisition of a Wisconsin-based agency and will serve as its primary insurance platform in the State of Wisconsin.
Topics Mergers & Acquisitions Wisconsin
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