Risk Strategies Acquires New York’s Prince Associates

National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster.

Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New York.

Led by Leith Baren and Craig Sherman, Prince Associates serves clients across 41 states in various industries including waste disposal, manufacturing, animal shelters, hospitality and real estate. In addition to insurance placement, it offers risk management reviews, loss control analysis, claims handling overviews, flexible financing and alternative risk transfer options.

Prince Associates also offers personal lines coverages including homeowners, property, renters, auto, flood and identity theft.

Terms of the deal were not disclosed.

Risk Strategies has more than 30 specialty practices.

Topics Mergers & Acquisitions New York