Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in developing employee benefits solutions that align with an organization’s goals and workforce needs. FBA National was represented by MidCap Advisors in the transaction. Terms of the deal were not disclosed.
Headquartered in Garden City, N.Y., FBA National brings specialty expertise in tailoring fringe benefit packages for clients seeking compliance with wage parity, living wage and other similar regulatory structures, such as prevailing wage laws. This acquisition adds to existing expertise in core home health care benefits programs gained by Risk Strategies in its 2016 purchase of Long Island, N.Y.-based TSG Financial.
As FBA has expanded, it has added property and casualty lines to its offerings to meet the additional needs of its client base. Joining Risk Strategies increases the geographic reach of its core business, as well as expands its offerings and expertise in products such as cyber liability and in services such as risk and actuarial analytics.
Risk Strategies offers risk management advice as well as insurance and reinsurance placement for property/casualty, health care and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals and has access to all major insurance markets.
Source: Risk Strategies
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