US insurance brokerage and risk management firm Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries. Terms of the deal were undisclosed.
Established in 1980, LaRocca & Associates has a focus on employee benefits and property and casualty (P&C). LaRocca & Associates will bring additional strength and local expertise to Risk Strategies’ national employee benefits practice. It has offices in Miami and Fort Lauderdale, Florida, as well as Atlanta, Georgia, further solidifying Risk Strategies’ presence and capabilities in the Southeast.
“The acquisition of LaRocca & Associates represents a great addition to our national employee benefits practice and to our company as a whole,” said John Greenbaum, national employee benefits practice leader at Risk Strategies.
“They bring deep expertise and talent in helping clients successfully navigate the ever-changing benefits market and broad experience in key shared industries.”
LaRocca & Associates’ clients include businesses in a wide variety of industries, from manufacturing to service and hospitality, educational facilities, and municipalities and non-profit organisations. LaRocca & Associates brings a highly experienced team of healthcare industry practitioners, an industry sector where Risk Strategies has one of the largest P&C healthcare practices in the country.
“Joining Risk Strategies will immediately benefit our clients—we will have access to a national platform of products, services and business expertise across specialty practices and industries,” said Joe LaRocca of LaRocca & Associates.
“It also is a win-win for our valued employees. Risk Strategies is a growing, expanding company, and I’m excited for the combined strengths of our operations and the new opportunities for professional growth.”
Risk Strategies, LaRocca & Associates, Mergers & Acquisitions, risk Management, Insurance, Reinsurance, John Greenbaum, North America