Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Private investment firm acquires majority stake in specialty broker

Reprints

New York-based investment firm Kelso & Co., will acquire a majority stake in Boston-based broker and risk management firm Risk Strategies Co. from Kohlberg & Co. L.L.C., Risk Strategies announced Tuesday.

Terms of the deal were not disclosed.

Risk Strategies' leadership team, led by CEO Michael Christian, will remain in place, Risk Strategies said in a statement.

Risk Strategies, focuses on middle- and upper-middle-market commercial and high-net-worth clients. Kohlberg & Co. replaced Berkley Capital's investment in Risk Strategies in June 2013.

“The new investment and partnership will help Risk Strategies enhance its client resources, add new teams of professionals in several important segments and continue its strategic M&A activities to create additional growth opportunities,” said Risk Strategies in the statement.

Read Next