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Announced

Risk Strategies to acquire Statewide Condominium Insurance.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Friendly

Insurance Brokers

insurance brokerage

United States

Acquisition

Private

Domestic

Majority

Synopsis

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Risk Strategies, a national specialty insurance brokerage and risk management firm, agreed to acquire Statewide Condominium Insurance, a retail broker focused on the condominium and apartment complex risk sectors. Financial terms were not disclosed. "Complex risks and difficult markets require specialty expertise. It’s why Risk Strategies has flourished and why Statewide is such a great addition to our capabilities in Florida. We’re excited to add this team’s expertise," Scott Popilek, Risk Strategies Atlantic Region Leader.

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