JFG announces purchase agreement with Risk Strategies 

Johnson Financial Group (JFG) announced in a press release today that it is has entered into an agreement under which Risk Strategies — a Boston-based, specialty insurance brokerage and risk management consulting firm — will purchase the assets of Johnson Insurance Services (JIS), a subsidiary of JFG.   

Risk Strategies is the ninth largest, privately held U.S. insurance broker, with approximately $1.3 billion in annual revenue, 4,500 associates, and more than 30 specialty practices nationwide.  

Following the completion of due diligence, the transaction is expected to be completed in the next 45 to 60 days. 

Upon closing, JIS will be Risk Strategies’ first acquisition of a Wisconsin-based agency and will serve as its primary insurance platform in the state of Wisconsin. 

JIS is a leading independent, full-service agency offering personal insurance and life, commercial property and casualty, and group employee benefits insurance products and services to protect individuals and businesses since 1985. With 140 associates statewide, the agency is one of the top 10 largest independent insurance agencies in Wisconsin.   

Under the terms of the purchase and assumption agreement, Risk Strategies will acquire the agency as a whole.