M&A Deal Summary

TRISTAR Insurance Group Acquires Risico

On January 24, 2022, TRISTAR Insurance Group acquired insurance company Risico

Acquisition Highlights
  • This is TRISTAR Insurance Group’s 2nd transaction in the Insurance sector.
  • This is TRISTAR Insurance Group’s 2nd transaction in the United States.
  • This is TRISTAR Insurance Group’s 2nd transaction in California.

M&A Deal Summary

Date 2022-01-24
Target Risico
Sector Insurance
Buyer(s) TRISTAR Insurance Group
Deal Type Add-on Acquisition

Target

Risico

Fresno, California, United States
Risico specialized in providing services to public agencies and food processors, delivering highly effective claims management, managed care/utilization review, bill review, and MPN management services. Risico was founded in 1999 and is based in Fresno, California.

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Buyer(S) 1

Buyer

TRISTAR Insurance Group

Long Beach, California, United States

Category Company
Founded 1987
Sector Insurance
DESCRIPTION

TRISTAR Insurance Group, Inc. is an independent third party claim, administrator. TRISTAR provides excellent claims and risk management services to a variety of clients including self-insureds, insurance carriers, program underwriters, public entities, and risk pools. TRISTAR Insurance Group was founded in 1987 and is based in Long Beach, California.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Aspen Risk Management Group

San Diego, California, United States

Aspen Risk Management Group, Inc. provides loss control and safety services to America’s premier insurance carriers, captives, and brokers. It provides direct consulting and training to companies, non-profits, and government agencies. Aspen Risk Management Group was founded in 2005 and is based in San Diego, California.

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