M&A Deal Summary

Risk Strategies Acquires Professional Risk

On January 25, 2024, Risk Strategies acquired insurance company Professional Risk

Acquisition Highlights
  • This is Risk Strategies’ 95th transaction in the Insurance sector.
  • This is Risk Strategies’ 107th transaction in the United States.
  • This is Risk Strategies’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2024-01-25
Target Professional Risk
Sector Insurance
Buyer(s) Risk Strategies
Deal Type Add-on Acquisition
Advisor(s) MarshBerry Capital, Inc. (Financial)

Target

Professional Risk

Midlothian, Virginia, United States
Professional Risk is a specialty healthcare insurance agency helping medical professionals manage a wide range of risks and liabilities. Professional Risk was founded in 1989 and is based in Midlothian, Virginia.

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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 107 of 115
Sector (Insurance) 95 of 103
Type (Add-on Acquisition) 103 of 111
State (Virginia) 2 of 2
Country (United States) 107 of 115
Year (2024) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Stone Insurance Agency

Guilford, Connecticut, United States

Stone Insurance Agency is a multi-generational agency serving commercial and personal lines clients. Stone Insurance Agency was founded in 1859 and is based in Guilford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Ralph Wilson Agency

Southfield, Michigan, United States

Ralph Wilson Agency is a full-service risk management and employee benefits consulting firm and insurance agency. Ralph Wilson Agency was founded in 1922 and is based in Southfield, Michigan.

Buy -
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