Risk Strategies has acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS). Terms of the deal were not announced.
Although well established in the state, ABS is the first acquisition in Austin, Texas, for Risk Strategies. Focused on serving alternative asset management firms, ABS offers highly specialized insurance coverages for large financial institutions, hedge funds, private equity firms and family offices.
Since its founding in 2014 by Charles Newman, ABS has had strong ties to the rapidly growing Austin community. ABS was structured to accommodate a wide variety of accounts while also handling complex risks. The company’s extensive capabilities include comprehensive insurance solutions for portfolio investments, support for smaller placements, private client services, internal and external diligence, as well as request for proposal (RFP) consulting for portfolio companies and subsidiaries.
Risk Strategies continues to acquire complementary companies that have a unique and compelling value proposition and are additive to the Risk Strategies family. Over 100 organizations, each with specialty expertise and capabilities, have joined the company since its founding in 1997.
Source: Risk Strategies
Topics Mergers & Acquisitions Texas Agencies
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