Risk Strategies Company expands Long Island, NY presence with acquisition of Friedman & Freidman Agency
Company's focus on personal lines seen as excellent fit for growing national practice group
BOSTON, April 18, 2017 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced its acquisition of Friedman & Friedman Agency. Terms of the deal were not disclosed.
Founded in 1947 and based in Westbury, NY, Friedman & Friedman has built a strong specialty emphasis on helping successful families and individuals address their insurance and risk management challenges. Private client personal lines accounts for over half of the company's overall business.
Friedman & Friedman provides home and auto coverage, personal excess, boat/yacht insurance, and valuable collection insurance. It also specializes in estate planning and complex asset protection for high net worth families.
"Risk Strategies Company is focused on acquiring the expertise that makes understanding and solving complex, dynamic risk challenges simple and efficient," said Bob Courtemanche, Risk Strategies Company senior managing director, private client group national practice leader. "The personnel and focus of Friedman & Friedman make it a great fit for our approach to the business."
Led by its principals, Stephen Sharp and Bob Friedman, Friedman & Friedman also has expertise and significant business in real estate, manufacturing, information technology, international, and professional services. While most of the company's clients in these market segments are based out of the New York metropolitan area, many also have locations globally.
"Given our mix of business and approach to risk management, joining forces with Risk Strategies Company seemed like a great way to really make a difference for our clients," said Stephen Sharp, president, Friedman & Friedman Agency.
In October of 2016, Risk Strategies Company announced its acquisition of employee benefits specialist firm TSG Financial, based in Garden City, NY on Long Island. Risk Strategies also has offices in Lake Success, NY on Long Island.
"Friedman & Friedman has a long history of providing superior advice and service to clients, so we wanted to be sure the company we joined met that standard and could add significantly to the capabilities our clients can tap," said Bob Friedman, Partner, Friedman & Friedman Agency. "Risk Strategies is clearly able to do just that."
Since bringing aboard Courtemanche, previously Chairman of ACE Private Risk Services, in October of 2015, Risk Strategies Company has been steadily building out one of the country's most capable national Private Client Groups with key hires and specialty acquisitions.
To learn more about Risk Strategies, please visit www.riskstrategies.com
About Risk Strategies
Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles, and San Francisco. RiskStrategies.com.
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