Risk Strategies Acquires MainStreet Consulting Group
Expands Texas footprint with brokerage offering business coverage, benefits planning and risk management services
BOSTON — Risk Strategies, a privately held insurance brokerage and risk management firm, announced it has acquired MainStreet Consulting Group, a north Houston-based brokerage. Terms of the deal were not disclosed.
Established in 2003 and headquartered just outside of Houston in Conroe, TX, MainStreet Consulting Group is primarily focused on placing a wide variety of coverage types for commercial clients. In its commercial business, MainStreet services clients in a variety of industries, from manufacturing to construction. While many are well-represented in Risk Strategies’ current client base, a number represent new fields for the company, including the energy industry, a major business in Texas.
“MainStreet is a great fit for our company as we build out our presence in Texas,” said John Vaglica, Risk Strategies’ Chief Financial Officer. “We’re particularly excited that this acquisition will provide Risk Strategies entry into the energy space for the first time and do so with a highly qualified team.”
In addition to commercial property & casualty, MainStreet does substantial business helping commercial clients develop alternatively funded employee benefits programs. The company also has an active practice providing personal lines clients with insurance placement and risk management advisory services.
“Joining up and becoming part of Risk Strategies was a winning idea as we sought ways to expand our business and provide deeper expertise for clients in today’s rapidly changing business world,” said MainStreet Consulting Group President and CEO, Dee VanSchoick, Jr.