Insurance brokerage firm Risk Strategies has acquired New York-based Krauter & Company, a firm offering risk and insurance services provider, for an undisclosed amount.
Risk Strategies stated that the acquisition expands key practice by bringing on board a national boutique brokerage focused on risk management and liability needs of private equity fund and portfolio companies that are served by Krauter & Company.
Established in 2004, Krauter serves more than 185 private equity firms and thousands of portfolio companies. The company is known to be a specialty firm focused on risk and insurance services provider for private equity funds.
The company continues to lead the industry in design and placement of tailored transactional risk products, such as Reps and Warranties coverage and Tax Opinion insurance. It also offers M&A due diligence, employee benefits analysis, and a keen focus on total cost of risk for its PE clients.
Additionally, Krauter also works with large, nationally recognized companies across a wide variety of industries such as accounting, airlines, staffing and restaurants.
Outside of its New York City headquarters, Krauter operates from eight additional offices across the US, including Chicago, San Francisco, Los Angeles, Houston, and Boston.
Risk Strategies founder and CEO Mike Christian said: “Private equity is a fast-paced, high stakes world where specialty knowledge is key to keeping deals on track and ensuring they work out as expected. Krauter & Company has earned a top-tier reputation in this regard and its approach and expertise are well-aligned with Risk Strategies’ client focus and culture.”
Krauter & Company founder Neil Krauter said: “I’ve watched Risk Strategies grow since Mike Christian founded it in 1997. His focus on building an experts-driven, highly collaborative firm meshes perfectly with my understanding of what clients need and want. Joining Risk Strategies creates a powerful combination with unmatched capability and benefit to clients and their portfolio companies.”
Risk Strategies is a private firm offering insurance brokerage services in the US, for property & casualty, healthcare and employee benefits risks. It serves several companies, non-profits, public entities and individuals and claims to have access to all major insurance markets.
The company serves from 50 locations across the US including Boston, New York City, Chicago, Miami, Atlanta, Dallas, Nashville, Los Angeles and San Francisco.