US-based insurance brokerage Risk Strategies has purchased Missouri-based Thomas McGee Group (TMG) for an undisclosed amount.
Founded in the 1970s, TMG is an insurance brokerage and risk management firm based in Kansas City in Missouri and also has a presence in St. Louis.
Risk Strategies’ CEO John Mina said: “In a very active acquisition market, we remained focused on bringing on board only those firms with a culture and expertise focus that will advance our goal of becoming a best-in-class specialty brokerage.
“We saw in Thomas McGee Group’s long history, loyal client base and expertise, particularly in alternative risk structures, a direct fit with our direction and philosophy.
TMG offers self-insured customers loss adjustment services such as claims management processes and loss control and safety programmes.
TMG managing partner Doug Joyce said: “With over 100 years of history, reputation and success, ensuring our clients and business could thrive in the future was the main focus in finding a national-scale partner.
“Becoming part of Risk Strategies, with its focus on specialisation, deep resources and unique, flat national-scale operating structure, offered the best path forward for our business and clients.”
Recent acquisitions by Risk Strategies
Earlier this month, Risk Strategies bought Zito Insurance Agency based in Ohio.
Risk Strategies snapped up Dash & Love in October, National Insurance Consulting Group in August. Last year, it acquired two Texas firms Select Insurance Markets (SIM) and Preferred Personal Insurance Agency (PPIA).