Risk Strategies is ranked among the top 20 brokers in the country
Risk Strategies continues to solidify its position as one of the nation’s largest brokerage firms with another agency acquisition. The Boston-based firm has announced its acquisition Securitas Insurance Partners, LLC. Headquartered in Philadelphia, Securitas Insurance Partners is a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity-backed portfolio companies. Further terms of the transaction were not disclosed.
“Companies that are part of private equity or venture capital investment portfolio, or simply focused on growing through acquisition, face complicated and often high stakes risks,” said John Mina, Risk Strategies’ CEO. “Securitas is a leader in identifying and mitigating these risks. We saw that expertise as a great fit for our growing national Private Equity practice.”
According to Risk Strategies, its purchase of Securitas strengthens its goals dating from its earliest days when it first acquired the private equity specialists firm Krauter & Company. With the addition of Securitas, Risk Strategies will be able to increase both its operational depth while adding expertise to its roster.
“Securitas typically works with its clients throughout the life cycle of their investment, supporting acquisitions and divestitures, as well as the ongoing programmatic insurance needs of the portfolio companies. Client account staffing is predicated on putting senior-level people in hands-on positions, matching their experience, expertise and proven track record to ensure a strong client relationship, as well as effective brokerage negotiation and claims management.”
“Managing the evolving risk and insurance needs of investment portfolio companies is not a job for a generalist,” said Michael McFadden, Founder and Managing Partner of Securitas Insurance Partners. “We saw joining Risk Strategies as a seamless way to scale up our specialty approach with a firm equally experienced in this space.”
Neil Krauter, Risk Strategies’ Private Equity Practice Leader, added, “I have known Michael for over 20 years and look forward to joining forces to the benefit of our mutual client base. The strategic fit could not be more seamless, and our teams are perfectly aligned for growth.”