M&A Deal Summary

Risk Strategies Acquires Stone Insurance Agency

On January 17, 2024, Risk Strategies acquired insurance company Stone Insurance Agency

Acquisition Highlights
  • This is Risk Strategies’ 94th transaction in the Insurance sector.
  • This is Risk Strategies’ 106th transaction in the United States.
  • This is Risk Strategies’ 5th transaction in Connecticut.

M&A Deal Summary

Date 2024-01-17
Target Stone Insurance Agency
Sector Insurance
Buyer(s) Risk Strategies
Deal Type Add-on Acquisition

Target

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.

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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 106 of 115
Sector (Insurance) 94 of 103
Type (Add-on Acquisition) 102 of 111
State (Connecticut) 5 of 5
Country (United States) 106 of 115
Year (2024) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Hooper Hayes & Rogan

Fort Lauderdale, Florida, United States

Hooper, Hayes & Rogan provides insurance coverage to businesses and individuals throughout the state of Florida. Commercial lines primary focus, with extensive experience placing coverages for public sector and non-profit entities, as well as for contractors, manufacturing companies, and large properties. Hooper, Hayes & Rogan was founded in 1998 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 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.

Buy -