Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and voluntary benefits in the Northeast.
This latest transaction marks the third deal this month for Risk Strategies. Earlier this month, Risk Strategies announced transactions with DeWitt Stern Group and Crow Friedman Group.
Founded in 1976, Benefit Development Group offers health insurance, group, and voluntary benefits services for clients in various industries including retail and distribution, utilities, higher education, not-for-profits, consulting and healthcare/clinical professions.
Benefit Development Group’s president and founder Mike Tsotsis and senior vice president Christopher Powers will continue to manage the firm, and will do business as “Benefit Development Group, a Risk Strategies Company,” according to the announcement.
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