RSC buys retail brokerage in Connecticut

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.