Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired Securitas Insurance Partners, a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity backed portfolio companies.
“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,” said John Mina, chief executive of Risk Strategies. “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.”
Michael McFadden, founder and managing partner of Securitas, 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.”
Risk Strategies, Acquisition, Securitas Insurance Partners, Specialty brokerage, North America