M&A Deal Summary

Kelso & Company Acquires Risk Strategies

On October 20, 2015, private equity firm Kelso & Company acquired insurance company Risk Strategies Co., Inc. from Kohlberg & Company LLC

Acquisition Highlights
  • This is Kelso & Company’s 3rd transaction in the Insurance sector.
  • This is Kelso & Company’s 49th transaction in the United States.
  • This is Kelso & Company’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2015-10-20
Target Risk Strategies Co., Inc.
Sector Insurance
Buyer(s) Kelso & Company
Sellers(s) Kohlberg & Company LLC
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley (Financial)
Ropes & Gray LLP (Legal)

Target

Risk Strategies Co., Inc.

Boston, Massachusetts, United States
website
Risk Strategies Co., Inc. is a national brokerage firm focused on delivering risk management and insurance solutions toprivately-held and publicly-traded commercial clients and high net worth individuals. Risk Strategies focuses on client risk management challenges and delivers pragmatic, costeffective financial and business solutions.

Search 159,231 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Kelso & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 12.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 58 of 73
Sector (Insurance) 3 of 5
Type (Secondary Buyout) 13 of 19
State (Massachusetts) 1 of 1
Country (United States) 49 of 62
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-25 Clarience Technologies, LLC

Falconer, New York, United States

Clarience Technologies is a family of brands focused on bringing total visibility to commercial and recreational transportation. Through its data and insights, Clarience improves fleet management, streamlines supply chains and enhances safety on and off the road. And for decades, its collaborative, transparent approach has been turning customers into long-term partners. Since Clarience's flagship brand introduced the first sealed marker light in 1955, its companies have unveiled a steady stream of innovation ever since.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Eagle Family Foods Group LLC

Orrville, Ohio, United States

Eagle Foods is a domestic manufacturer of canned milk, popcorn and other salty snack products. Eagle operates in two stable and growing categories within the canned milk and sweetened condensed milk markets. Additionally, Eagle manufactures ready-to-eat popcorn under the brands G.H. Cretors and Popcorn, Indiana, as well as private label popcorn and other salty snack products for a diverse set of retail customers.

Buy -

Seller(S) 1

SELLER

Kohlberg & Company LLC

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 7.5B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $1.5 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 29 of 43
Sector (Insurance) 2 of 2
Type (Secondary Buyout) 10 of 18
State (Massachusetts) 2 of 2
Country (United States) 28 of 42
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Osmose Utilities Services, Inc.

Peachtree City, Georgia, United States

Osmose is a provider of critical inspection, maintenance, and restoration services for utility and telecom infrastructure in the U.S. Osmose was founded in 1934 and is based in Peachtree City, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Pittsburgh Glass Works LLC

Pittsburgh, Pennsylvania, United States

Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

Sell $635M