Risk Strategies, a national specialty insurance brokerage and risk management firm, announced that it has acquired Ralph C. Wilson Agency, a full-service risk management and employee benefits consulting firm and insurance agency headquartered in Southfield, Michigan. Terms of the deal were not announced.
Founded in 1923 and one of the largest independent agencies in Michigan, Ralph C. Wilson Agency is licensed to operate in over 40 states nationally and offers a wide range of coverage expertise, from general and professional liability to property, cyber, and workers’ compensation insurance. Its industry expertise ranges from auto dealers and manufacturers to marinas, nonprofits, and veterinarians.
Founded as a family business, the agency was operated for many decades by Ralph C. Wilson Jr., perhaps best known nationally as the owner of the National Football League’s Buffalo Bills franchise. The Ralph C. Wilson Jr. Foundation is an enduring legacy of Wilson and his commitment to supporting the quality of life of the people of Southeast Michigan and Western New York.
The acquisition of Ralph C. Wilson Agency is Risk Strategies first entry into Michigan and reflects deepening engagement in the Midwest. In 2023 alone, Risk Strategies has invested and grown in the Midwest by acquiring Illinois-based IZALE Financial Group, Ohio-based First Insurance Group, and the insurance business of Johnson Financial Group in Wisconsin.
Marsh, Berry & Company was the exclusive financial advisor to Ralph C. Wilson Agency.
Source: Risk Strategies
Topics Mergers & Acquisitions Michigan
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