Risk Strategies has acquired New York City-based firm Bedrick-Kaitz Agency (BKA).
Terms of the transaction were not disclosed.
BKA is a firm focused on supporting high-net-worth individuals and businesses throughout the country. Aside from offering customized policy programs – with a specialty focus on exotic cars – BKA also offers commercial insurance products, which include general and professional liability and workers’ compensation.
Michael Rosenberg serves as the CEO of BKA; he acquired the firm from one of the original founders, Donald Kaitz, after joining the company sometime in the 1980s. Prior to acquiring BKA, Rosenberg was a personal lines specialist with a boutique brokerage in New York City.
“We’re always on the lookout for potential partners who can bring the right mix of experience and expertise to our practice,” said Risk Strategies national private client practice leader Bob Courtemanche.
“When looking for a way to grow the business, Risk Strategies emerged as the obvious partner choice,” remarked Rosenberg, who additionally noted that Risk Strategies’ specialist approach would mean BKA’s clients would continue to enjoy a premium service – but with deeper and broader resources.
The acquisition comes about a month after Risk Strategies purchased the captive insurance program administrator Risk Management Advisors in Long Beach, CA.