Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries.
The terms of the deal were undisclosed.
LaRocca & Associates, which has offices in Florida and Georgia, will help bolster Risk Strategies’ presence in the southeast of the US.
The transaction will also add to Risk Strategies’ existing expertise within its national employee benefits practice.
LaRocca & Associates’ clients include businesses in various industries, including manufacturing, hospitality, educational facilities, municipalities and non-profit organisations.
John Greenbaum, national employee benefits practice Leader at Risk Strategies, said: “The acquisition of LaRocca & Associates represents a great addition to our national employee benefits practice and to our company as a whole.”
He explained: “They bring deep expertise and talent in helping clients successfully navigate the ever-changing benefits market and broad experience in key shared industries.”
Joe LaRocca, vice president of LaRocca & Associates, added: “Joining Risk Strategies will immediately benefit our clients – as we will have access to a national platform of products, services and business expertise across specialty practices and industries. It also is a win-win for our valued employees.”
In August, Risk Strategies named Jennifer Johnston as chief marketing officer.