Risk Strategies Company Acquires Brightstone Insurance Services 

Specialist broker serving same-day transportation and logistics industry

Overview of Transaction

  • Brightstone Insurance Services is a specialty broker serving the same-day transportation and logistics industry.

  • Established in 2010 by Howard and Peter Schlactus and Jeff Ice, Brightstone operates in support of its national client base out of two main locations -- Cleveland, Ohio and New Rochelle, NY -- with approximately 50 employees between them.

  • While primarily focused on transportation and logistics, Brightstone has developed complementary businesses in associated practice areas, including commercial lines and private client personal lines, which fits into and builds on existing Risk Strategies practice groups.

  • Brightstone agreed to be acquired by Risk Strategies Companies, a top 20 National Insurance Broker. ​

Significance of Transaction

  • In the age of Amazon, Brightstone’ s growth has been fueled by the rapid delivery ecosystem supporting the accelerating rise of e-commerce.

  • The Brightstone Insurance transaction marks Risk Strategies’ first foray into the same-day transportation and logistics market, 

  • "Risk Strategies is building a company of true specialists," explains Michael Christian, Founder and CEO of Risk Strategies Company. "From its beginnings through today, Brightstone has exemplified the type of specialty capability that makes it a great fit for us, while also providing a foothold in an industry segment on the leading edge of our changing economy."

  • "As our target industries have grown and evolved, it's become more important to have the reach and resources of a national level firm," said Peter Schlactus, Managing Director, CIC, CRM, AAI at Brightstone. "Risk Strategies was our choice because it really understands how to convert the power of specialty expertise to our clients' advantage."

Sica | Fletcher's Role

  • Sica | Fletcher served as exclusive strategic and financial advisor to Brightstone Insurance. 

  • Brightstone engaged Sica | Fletcher to explore multiple strategic options for the firm.

  • Combining their unparalleled knowledge of the brokerage space and intimate knowledge of Brightstone Insurance allowed Sica | Fletcher to identify the ideal partner for Brightstone shareholders to reposition their asset and maximize value.​

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Contact Details

MICHAEL J. FLETCHER

Managing Partner

516.967.1958

mjf@sicafletcher.com

ALEXANDER W. SICA

Managing Partner

201.805.1561

al@sicafletcher.com

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