SOURCE: Risk Strategies Company

Risk Strategies Company

May 24, 2016 09:00 ET

Risk Strategies Company Expands in New York City, Augments Media Business Reach With Acquisition of John Buttine, Inc.

Deal Significantly Bolsters National Brokerage Firm's Focus on Specialty Industry, Entertainment Practice Areas Since 2014 Dewitt Stern Acquisition

BOSTON, MA and NEW YORK, NY--(Marketwired - May 24, 2016) - Risk Strategies Company, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced its acquisition of John Buttine, Inc., an insurance brokerage based in New York City with a specialty focus on companies involved in a variety of media-related businesses and services.

While offering insurance placement and risk management services for commercial businesses and high-net-worth individuals, Buttine is distinguished for its unique expertise in working with advertising agencies, magazine publishers, trade and public show organizers and associations where it has built a reputation for creative problem solving and high touch service.

"Specialist industry knowledge is extremely important in managing the unique risks media businesses face," said Jolyon F. Stern, chairman of Dewitt Stern Group. "The people at Buttine have a proven track record in this market space and will expand the universe of media and event-focused businesses that Risk Strategies can help."

Tracing its history to 1946, John Buttine Inc.'s specialization in media-focused businesses is a natural complement to the core business of DeWitt Stern Group, a Risk Strategies Company 2014 acquisition. Also based in New York City, DeWitt Stern Group dates to 1899 and is the leading national brokerage for media, entertainment and fine arts, counting leading film and media companies as well as performance venues and live theater among its extensive client base.

"It's exciting to join an organization with a demonstrated track record of success in building out world class expertise in its practice areas and specialty groups," said Jack M. Buttine, president of John Buttine Inc. "Having access to the resources of a top 25 national brokerage will enable us to do more for our current clients and extend our reach into our focus markets."

Jack Buttine and his team will join Risk Strategies Company and merge into its existing New York City office.

About Risk Strategies Company Risk Strategies Company is a privately held, national firm with offices across the country. As a leading U.S. insurance broker, the company offers sophisticated risk management advice and insurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. Ranked in the top 25 brokers in the country, the company has offices in more than 25 locations including Boston; Chicago; Los Angeles; Minneapolis; New York City; San Francisco; Atlanta; Portsmouth, NH; Providence, R.I.; Long Island, N.Y.; Teaneck, N.J.; Irvine, CA; and Sacramento, CA.