Boston-based insurance brokerage and risk management firm Risk Strategies has acquired MainStreet Consulting Group, a brokerage headquartered in Conroe, Texas, just north of Houston.
Terms of the deal were not disclosed.
Established in 2003, MainStreet Consulting Group is primarily focused on placing a wide variety of coverage types for commercial clients. In its commercial business, MainStreet services clients in a variety of industries, from manufacturing to construction. While many are well-represented in Risk Strategies’ current client base, a number represent new fields for the company, including the energy industry, a major business in Texas.
In addition to commercial property/casualty, MainStreet does substantial business helping commercial clients develop alternatively funded employee benefits programs. The company also has an active practice providing personal lines clients with insurance placement and risk management advisory services.
“Joining up and becoming part of Risk Strategies was a winning idea as we sought ways to expand our business and provide deeper expertise for clients in today’s rapidly changing business world,” MainStreet Consulting Group President and CEO Dee VanSchoick Jr. said in an announcement.
Risk Strategies entered the Texas market in 2016 with the acquisition of McLaughlin-Brunson, a specialty brokerage focused on professional liability and other risk issues for architectural, engineering and design firms. Risk Strategies has since acquired the Texas firms, Terrell Insurance Services Inc., Select Insurance Markets LLP (SIM) and Preferred Personal Insurance Agency LLP (PPIA).
Source: Risk Strategies
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