US insurance broker and risk management firm Risk Strategies has completed a recapitalisation transaction which includes a new equity investment from funds managed by Kelso & Company.
The investment represents an extension of the partnership between Risk Strategies and Kelso which began with Kelso’s original investment in 2015.
The transaction is expected to enable continued growth through the firm’s acquisition strategy, recruitment of key professionals, and ongoing build-out.
“Risk Strategies is a dynamic organization driven by individuals who are the foremost professionals in their fields, committed to ensuring that clients receive unmatched expertise,” said Risk Strategies’ executive chairman, Mike Christian.
Risk Strategies’ Chief Executive Officer, John Mina, added, “Kelso’s continued investment in Risk Strategies positions the company for our next chapter of growth. We are proud of the partnership we’ve developed and appreciate Kelso’s commitment to the success of the business going forward.”
“We are thrilled to extend our partnership with Risk Strategies. The company has enjoyed tremendous growth since our initial investment, driven by both significant strategic acquisition activity as well as industry-leading organic growth,” said Chris Collins, managing director of Kelso.
