BOSTON, July 20. 10, 2022 (GLOBE NEWSWIRE) — Risk Strategies, a leading national insurance brokerage and risk management firm, today announced the acquisition of Bonds, Inc., a bonding specialist focused on the construction industry. Terms of the agreement were not announced.
Based in Hunt Valley, Maryland, Bonds, Inc. was founded in 1996 by its current president, Michael Shaver. The company helps clients in the construction industry obtain performance and payment bonds for projects. Its staff is highly trained and has a combined experience of over 150 years in the surety industry.
“Michael and his team fit perfectly into the Risk Strategies family and our specialized approach to risk,” said Scott Popilek, Head of Risk Strategies for the Atlantic region. “Their surety expertise has made them a valuable part of their clients’ business, and they can now leverage all of the other insurance products and services in the Risk Strategies family.”
The acquisition of Bonds, Inc. strengthens the surety business of Risk Strategies Surety Practice. Bonds, Inc. helps maximize customers’ bond credit by providing bonds for government and municipal projects in the Baltimore and DC-metro area.
“In today’s business environment, customers really benefit from a specialized approach,” Shaver said. “We saw in Risk Strategies a true specialist who would understand the value we bring to clients, and joining the company gives us more options to address broader client needs and expand our business base.”
Bonds, Inc. works with a wide range of entrepreneurs, from small start-ups to highly experienced large corporations. A nationwide broker with clients nationwide in addition to its primary base in the Mid-Atlantic region, Bonds, Inc. also has expertise in writing international bonds for the Department of State and the Bureau of overseas budgets.
Under Risk Strategies, Bonds, Inc. will gain access to new markets, allowing them to assist existing clients with broader geographic footprints, including overseas operations.
To learn more about risk strategies, please visit www.risk-strategies.com.
About Risk Strategies
Risk Strategies is a national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property and casualty, employee benefits and services to private clients. With more than 30 specialist firms, Risk Strategies serves commercial enterprises, non-profit organizations, public entities and individuals, and has access to all major insurance markets. Ranked among the nation’s top brokers, Risk Strategies has more than 100 offices, including Boston, New York, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles, and San Francisco. www.risk-strategies.com