logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Risk Strategies Acquires Professional Risk Associates

Jan 25, 2024•almost 2 years ago

Acquiring Company

Risk Strategies

Acquired Company

Professional Risk Associates (PRA)

BostonMidlothianInsurance

Description

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced the acquisition of Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency. The acquisition expands Risk Strategies' expertise and national platform in providing specialized help to physicians and addressing the unique risks they face within the healthcare industry.

Company Information

Company

Risk Strategies

Location

Boston, Massachusetts, United States

About

Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property & casualty, and employee benefits risks. With 25 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities and individuals, and has access to all major insurance markets. Ranked among the top brokers in the country, Risk Strategies has offices located nationwide including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles and San Francisco. www.risk-strategies.com

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed