Risk Strategies Acquires Gerard B. Tracy Associates, Inc.
Adds Connecticut-based employee benefits specialist to growing national practice
BOSTON — At a time of great uncertainty for employers amid looming federal policy changes, Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, announced it has added to the expertise of its employee benefits practice with the acquisition of Gerard B. Tracy Associates, Inc. Terms of the deal were not disclosed.
Based in Fairfield, Connecticut, Gerard B. Tracy Associates, Inc. was founded in 1948 and has a decades-long history of creating employee benefits programs for a variety of public and private entities with a specialty focus on institutions of higher education.
“Risk Strategies was founded on the belief that specialization and expertise are required to win and keep business, because clients are facing complex, costly challenges,” said John Greenbaum, Risk Strategies’ National Employee Benefits Practice Leader. “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 programs for higher education and other types of educational institutions, Gerard B. Tracy Associate’s clients include a number of general and nonprofit organizations, largely located throughout the Northeast.
“We know the power of specialization and expertise coupled with truly understanding clients’ needs and the complexity of their own business operations,” explained Tim Tracy, Jr., Vice President, Gerard B. Tracy Associates, Inc. “Joining a true specialty brokerage firm like Risk Strategies is a perfect way to connect our clients with additional resources, while opening new paths to grow our business.”