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RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., said Tuesday it has acquired Pawson Insurance Group, a retail brokerage based in Branford, Connecticut.
Terms of the deal were not disclosed.
Founded in 1987, Pawson specializes in property/casualty and employee benefits coverages for condo/homeowners associations, restaurants, transportation companies, trade contractors and construction companies.
Pawson President and CEO John Dendas, Vice President Joe Dendas and the entire staff will join Risk Strategies, the Boston-based broker said in a statement. Pawson has about 25 staff, according to its website.
Risk Strategies said the deal expands its presence in New England. In 2019, it acquired Darien, Connecticut-based Gowrie Holdings Inc., a marine insurance specialist.
Risk Strategies is the 16th-largest broker of U.S. business, according to Business Insurance’s latest ranking.