Risk Strategies expands to Michigan with brokerage buy

Risk Strategies Co. said Thursday it has acquired Southfield, Michigan-based Ralph C. Wilson Agency Inc., its first buy in the state.

Terms were not disclosed.

Founded in 1923, Ralph C. Wilson Agency places commercial property/casualty insurance, employee benefits and personal lines. It has about 20 staff.

Private-equity-backed Risk Strategies, the operating name of RSC Insurance Brokerage Inc., is the 15th largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.