Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Zito Insurance Agency, a full service firm headquartered in Mentor, Ohio, northeast of Cleveland.
Terms of the deal were not announced.
Founded in 1963, Zito is a second-generation, full-service insurance brokerage firm employing 36 people and providing property and casualty and life and health insurance services to individuals and businesses across a wide array of industries. In addition to its Mentor, Ohio, headquarters, the firm also maintains an office in nearby Rocky River, Ohio.
Throughout its history, Zito’s approach has engendered impressive client loyalty. The firm’s largest clients have been with the firm for over 15 years on average, with many having been with the firm for 25 years or longer. Industries that Zito serves range from retail and broadcasting to real estate, contracting and manufacturing. The firm also has a long-established presence in the non-profit world, with a client history in the sector stretching back 35 years.
The bulk of Zito’s business is focused on helping clients develop tailored property/casualty coverage. Business placing personal lines coverage and life and health lines almost evenly make up the remainder. The majority of its 36 employees work at its Mentor, Ohio, headquarters.
Source: Risk Strategies
Topics Mergers & Acquisitions Ohio
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