M&A Deal Summary

Risk Strategies Acquires Strategic Benefit Solutions

On September 26, 2023, Risk Strategies acquired insurance company Strategic Benefit Solutions

Acquisition Highlights
  • This is Risk Strategies’ 87th transaction in the Insurance sector.
  • This is Risk Strategies’ 99th transaction in the United States.
  • This is Risk Strategies’ 6th transaction in Massachusetts.

M&A Deal Summary

Date 2023-09-26
Target Strategic Benefit Solutions
Sector Insurance
Buyer(s) Risk Strategies
Deal Type Add-on Acquisition

Target

Strategic Benefit Solutions

Burlington, Massachusetts, United States
Strategic Benefit Solutions (SBENS) is a retail employee benefits insurance agency that focuses on helping clients with all facets of employee benefits and plan design while proactively helping to manage healthcare risk. Strategic Benefit Solutions was formed in 2008 and is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

Risk Strategies

Boston, Massachusetts, United States

Category Company
Founded 1997
Sector Insurance
DESCRIPTION

Risk Strategies 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. Risk Strategies was founded in 1997 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 99 of 120
Sector: Insurance M&A 87 of 108
Type: Add-on Acquisition M&A Deals 96 of 116
State: Massachusetts M&A 6 of 6
Country: United States M&A 99 of 120
Year: 2023 M&A 17 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 OrchestrateHR

Addison, Texas, United States

OrchestrateHR is a provider of holistic employee benefits solutions. In conjunction with its associated operating groups, it offers a broad range of services, including human resources and technology consulting, third-party administration (TPA), and payroll and associated administrative outsourcing services. OrchestrateHR is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 InterWest Insurance Services - Business Unit

United States

InterWest Insurance Services' Business Unit provides insurance services.

Buy -