Risk Strategies has acquired Gerard B. Tracy Associates in order to add to its employee benefits method.
Risk Strategies has recently expanded its benefits reach with the purchase of service businesses, including an actuarial firm and a healthcare claims auditing organisation.
Gerard B. Tracy Associates has a history of creating employee benefits programmes for a mixture of public and private entities with a speciality focus on institutions of higher education.
John Greenbaum, Risk Strategies’ National Employee Benefits practice leader, stated: “Risk Strategies was founded on the belief that specialisation and expertise are required to win and keep business because clients are facing complex, costly challenges,”
He added: “Gerard B. Tracy Associates has endured and thrived because they can deliver that type of expertise. It’s a great fit.”
In addition to developing benefit programmes for higher education and other types of educational institutions, Gerard B. Tracy Associate’s clients include several general and nonprofit organisations, largely located throughout the Northeast of the US.
Tim Tracy, vice president of Gerard B. Tracy Associates, explained: “We know the power of specialisation and expertise coupled with truly understanding clients’ needs and the complexity of their own business operations”
He added: “Joining a true speciality brokerage firm like Risk Strategies is a perfect way to connect our clients with additional resources while opening new paths to grow our business.”
