SOURCE: Risk Strategies Company
BOSTON, MA--(Marketwire - Oct 22, 2012) - Risk Strategies Company (RSC), a national insurance brokerage and risk management firm headquartered in Boston, today announced that it has acquired Burlington, Mass.-based D&D Insurance Agency, an independent personal and commercial lines insurance agency specializing in risk and insurance solutions for personal and commercial clients in Massachusetts.
Terms of the deal were not disclosed.
The transaction is RSC's fourth acquisition in the past two years and its second in the Boston area in the past nine months. In December 2011, RSC acquired Needham, Mass.-based Global Insurance Network Inc., a real estate/condo market insurance specialist.
As part of the transaction, D&D's founder and principal Mark Vallucci joins RSC as a Vice President and he will help to further expand RSC's personal and commercial lines business. The entire D&D team will become RSC employees, effective immediately, and will service existing and new clients from RSC's Randolph and Burlington offices.
"The D&D acquisition continues our strategy of acquiring high growth firms that complement our existing lines of business and it allows Risk Strategies Company to further expand our Boston-area professional staff and client base," said Michael Christian, Chief Executive Officer of Risk Strategies Company. "Since 2008, Mark Vallucci has grown D&D Insurance Agency's business by delivering superior client service through personalized attention. We welcome Mark to our team and we look forward to working with D&D's staff and clients."
"Risk Strategies Company has built a strong and diversified insurance brokerage firm, along with a great reputation," said Vallucci. "We look forward to joining forces with RSC. As part of a larger firm, we can provide a broader array of products, services and expert resources, while offering the best coverage and pricing, all while maintaining the close, personal approach upon which I have built the D&D business."
About D&D Insurance Agency
D&D Insurance Agency Inc. is an independent insurance agency providing auto, home and business insurance based in Burlington, Mass. Company founder Mark Vallucci and his staff have been delivering superior customer service and providing clients with competitive insurance products since 1991.
About Risk Strategies Company
Risk Strategies Company (RSC) is a national brokerage firm distributing property and liability insurance and employee benefits insurance products to both privately held and publicly traded commercial clients and individuals. RSC is an acknowledged leader in providing insurance and risk management solutions to middle market and upper middle market clients. Ranked in the top 60 brokers in the country, the company is headquartered in Boston, MA with offices in Metro Boston, Providence, New York City, Metro New York, Chicago, Irvine, Los Angeles, Sacramento and San Francisco.