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Risk Strategies buys private equity specialist

Risk Strategies buys private equity specialist

Risk Strategies Co. Inc. said Thursday it has acquired Philadelphia-based specialty brokerage Securitas Insurance Partners LLC.

Terms of the deal were not disclosed.

Securitas specializes in insurance and risk management services for venture capital and private equity-backed portfolio companies in various sectors, including life science, healthcare, technology, new energy and financial services, a Risk Strategies statement said.

Securitas is a “great fit for our growing national private equity practice,” John Mina, CEO of Risk Strategies, said in the statement.

In 2019, Risk Strategies acquired private equity specialist Krauter & Co. LLC.

Boston-based Risk Strategies is the 16th-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.