Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired DataRisk LLC, a Portsmouth, N.H.-based risk management consulting firm offering risk management and specialized insurance brokerage services, including executive level personal lines. Terms of the deal were not disclosed.
As part of the transaction, Mike Daigle, DataRisk’s president, CEO and founder, joined Risk Strategies as a managing director. He and his team will help to further expand Risk Strategies’ business from the Portsmouth location, while gaining access to Risk Strategies’ national network of resources.
Risk Strategies said the addition of DataRisk enhances and adds scale to Risk Strategies’ current risk financing/risk control offerings for middle market, national, and global companies.
Risk Strategies is a privately-held, national firm with offices across the country. It offers risk management advice and insurance placement for property/casualty and employee benefits risks. Risk Strategies is backed by Kohlberg & Co., a New York-based private equity firm specializing in middle market investing.