Risk management firm and insurance broker Risk Strategies has acquired New York-based Krauter & Company, a boutique brokerage that specializes in servicing private equity firms and their portfolio companies.
Krauter & Company designed and placed the industry’s first private equity portfolio program in 1988. Today, the company continues to lead the industry in the design and placement of tailored transactional risk products, such as reps and warranties coverage and tax opinion insurance.
The acquisition adds more than 185 private equity firms to Risk Strategies’ client base, in addition to 70 Krauter & Company employees across eight offices throughout the United States – including Chicago, San Francisco, Los Angeles, Houston, and Boston.
“Private equity is a fast-paced, high stakes world where specialty knowledge is key to keeping deals on track and ensuring they work out as expected,” said Mike Christian, founder and CEO of Risk Strategies. “Krauter & Company has earned a top-tier reputation in this regard and its approach and expertise are well-aligned with Risk Strategies’ client focus and culture.”
“I’ve watched Risk Strategies grow since Mike Christian founded it in 1997,” said Neil Krauter, founder of Krauter & Company. “His focus on building an experts-driven, highly collaborative firm meshes perfectly with my understanding of what clients need and want. Joining Risk Strategies creates a powerful combination with unmatched capability and benefit to clients and their portfolio companies.”