National insurance broker and risk management firm Risk Strategies has announced its completion of a recapitalization transaction, which includes a new equity investment from funds managed by private equity firm Kelso & Company.
In a statement, Risk Strategies said that the investment represented an extension of its partnership with Kelso, which began with Kelso’s original investment in 2015. The transaction will enable the broker to fund its ongoing acquisition strategy, recruit key professionals, and build out and deepen its specialty practices.
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