Risk Strategies, a US national insurance brokerage and risk management firm, has acquired Securitas Insurance Partners, a specialty brokerage engaged in addressing the retail insurance and risk management needs of venture capital and private equity-backed portfolio companies.

The financial terms of the deal were not revealed.

Based just outside of Philadelphia, Securitas Insurance Partners caters to national and international clients engaged in providing life science, healthcare, new energy, technology, and financial services.

John Mina – Risk Strategies CEO said: “Companies that are part of a private equity or venture capital investment portfolio, or simply focused on growing through acquisition, face complicated and often high stakes risks.

“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.”

Risk Strategies’ practice is said to have expanded significantly in 2019 following the acquisition of Krauter & Company, a private equity specialist. The company said that the acquisition of Securitas Insurance Partners will consolidate on this momentum and increase operational depth besides adding expertise in aiding non-private equity entities with their growth by covering their acquisition risk and insurance needs.

Michael McFadden – Founder and Managing Partner of Securitas Insurance Partners said: “Managing the evolving risk and insurance needs of investment portfolio companies is not a job for a generalist.

“We saw joining Risk Strategies as a seamless way to scale up our specialty approach with a firm equally experienced in this space.”

  Insurance acquisition news, Insurance industry news, John Mina, Michael McFadden, Philadelphia, Risk Strategies, Securitas Insurance Partners