Risk Strategies swoops for Connecticut firm

National specialty insurance brokerage Risk Strategies has announced that it has acquired Connecticut-based May, Bonee & Clark Insurance (MB&C). The terms of the transaction were not disclosed.

Formed through the merger of May, Bonee & Co. and the Clark Agency, MB&C provides insurance placement, employee benefits programs, corporate retirement planning and asset management, and financial and wealth planning services. It is led by principals Tom and Daniel Clark and Ryan Friedman.

“Our focus when evaluating a potential partner to expand our capabilities is primarily on the firm’s culture and commitment to expert knowledge in service to its clients,” said Edward Flanagan, New England regional leader for Risk Strategies. “The team at May, Bonee & Clark clearly hit that mark – great people doing smart work for an incredibly loyal customer base. I’m excited to have them joining the Risk Strategies family.”

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“Insurance, financial planning and risk management have become increasingly complex,” Tom Clark said. “Becoming part of a national-scale, true specialty firm like Risk Strategies makes perfect sense given the many benefits that will accrue to our clients.”