US-based insurance brokerage Risk Strategies has strengthened its national footprint with the purchase of Zito Insurance Agency for an undisclosed sum.
Headquartered in Mentor, Ohio, Zito was established in 1963 and employs 36 personnel.
The firm serves both individuals and businesses from different industries, offering property, casualty, life, as well as health insurance services. It also has an office at Rocky River in Ohio.
Risk Strategies’ CEO John Mina said: “As we build out our capabilities, we are always seeking firms with a track record of excellence in cultivating deep client relationships through superior work.
“Zito’s consultative approach to building client solutions and their loyal client base were both strong indicators they’d be a great fit for us.”
Zito Insurance Agency president Chris Zito said: “Given Zito’s long history in the region, perpetuating and scaling the business required a partner that could preserve our client-centric, high-touch approach.
“Risk Strategies was clearly the best fit for both our people and our clients as we sought to ensure a secure, beneficial path forward for our business
Last month, Risk Strategies acquired Dash & Love, a Philadelphia-based specialty brokerage firm.
This August, Risk Strategies purchased National Insurance Consulting Group, an employee benefits and human capital consulting firm.
In September last year, Risk Strategies bought two Texas firms, Select Insurance Markets (SIM) and Preferred Personal Insurance Agency (PPIA).