Kelso & Co-backed Risk Strategies, rapidly growing national insurance brokerage and risk management firm, acquired Krauter & Co, which specializes in working with private equity firms and their portfolio companies providing due diligence and transactional risk products. Financial terms were not disclosed. “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,” said Mike Christian, founder and CEO of Risk Strategies. “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.”