Specialty insurance brokerage Risk Strategies has announced that it has acquired New Jersey-based Dickstein Associates Agency. The terms of the transaction were not disclosed.
Founded in 1965, Dickstein Associates is a full-service retail agency that provides comprehensive risk management services, including property and casualty insurance coverage for individuals and businesses. The firm has developed a loyal customer base, most notably among its top 10 clients, which average 22 years with the firm.
“Dickstein’s longevity and client loyalty is evidence they share our client-first mindset,” said John Scroope, national director of retail operations at Risk Strategies. “They are a great fit for us, and our teams have already identified new opportunities to collaboratively work together and help their clients, and to grow the business.”
Dickstein has special expertise in risk management and insurance for real estate and technology companies, as well as coastal condominium associations, for which the firm offers an exclusive program.
“Responsiveness to clients’ needs built our business and reputation,” said Kevin P. McDonough, principal and executive vice president at Dickstein Associates. “Joining Risk Strategies ensures our clients will continue to receive the same level of service while expanding the resources we can provide.”
In addition to P&C coverage, Dickstein offers life and health benefits. The acquisition will bolster Risk Strategies’ expertise, particularly in servicing public entities, where Dickstein has considerable experience.
“Deep knowledge and innovative collaboration fuel our success,” said Rob Rosenzweig, commercial lines leader for Risk Strategies’ New York region. “Dickstein brings specialty expertise in technology, real estate, and public entities, matching existing focus areas at Risk Strategies and our New York metro region, and a culture of teamwork that is already uncovering new opportunities.”