Specialty insurance brokerage and risk management firm Risk Strategies has announced that it has acquired The Gehring Group, a Florida-based employee benefits and risk services consulting firm. The terms of the transaction were not disclosed.
The Gehring Group provides employee benefits and risk management services to the public sector in the state of Florida and the US Virgin Islands. The company’s offerings and capabilities include comprehensive insurance program design, client education and training, claims data analysis, plan administration, legislative compliance, benefits technology innovation and consulting, employee wellness program design, and custom communication services.
“The Gehring Group brings an expert focus, unparalleled service philosophy and employs forward-thinking technologies that will enhance our clients’ experience and company’s specialist approach to risk,” said John Greenbaum, national employee benefits practice leader at Risk Strategies. “We welcome Gahring Group to the Risk Strategies family.”
“Benefit programs are not one-size-fits-all – they require a tailored, service-centered approach to be successful,” said Kurt Gehring, founder, president and CEO of The Gehring Group. “To scale our business, we wanted to partner with a firm that viewed benefit program development through the same strategic lens that serves our clients. Risk Strategies presented both a great business fit for our clients and a cultural fit for our talented team that goes above and beyond in supporting clients every day.”
Risk Strategies seeks to acquire companies that have a “unique and compelling value proposition,” the company said. More than 100 organizations have joined Risk Strategies since its founding in 1997.