Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Corrigan Johnston Risk Advisors, an all-lines brokerage focused on transportation-related industries. Terms of the deal were not announced.
Headquartered in Basking Ridge, New Jersey, Corrigan Johnston was founded in 2006 by its current president, Patricia Corrigan Johnston. The firm specializes in developing tailored traditional and alternative risk programs and providing claims and loss control services to businesses in the franchised auto dealer and transportation-centric industries. The acquisition will bolster the capabilities of Risk Strategies’ national transportation practice.
Corrigan Johnston’s focus industries include last mile delivery – including motor carriers, freight forwarders and independent contractor fleets – and moving and storage firms, as well as franchised automobile dealerships. The firm offers clients all commercial coverages, including commercial auto, general liability, cargo, property, umbrella and excess liability, and the whole suite of professional liability coverages. It has particular expertise in tailored workers’ compensation coverage, which has been a specialty since its founding.
Risk Strategies has built national specialty capabilities in risk management and insurance placement for both last mile delivery and moving and storage firms. In 2017, Risk Strategies acquired Brightstone Insurance Services, a specialist in the last mile delivery industry, and in 2020, acquired global relocation insurance and risk management specialty broker UNIRISC Inc.
Source: Risk Strategies
Topics Mergers & Acquisitions New Jersey
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