Risk Strategies Acquires Risk Management Advisors

Sica | Fletcher guides California-based Risk Management Advisors in its sale to Risk Strategies.

Overview of Transaction

  • Risk Management Advisors (“RMA”) was started in 2004 by R. Wesley Sierk III and Jarid Beck with a vision to provide alternative insurance and financial services strategies.

  • Headquartered in Long Beach, California RMA specializes in the design, implementation and management of captive insurance companies and self-insured plans.

  • RMA agreed to be acquired Risk Strategies Company, a top 20 National Insurance Broker.

 

Significance of Transaction

  • The Risk Management Advisors acquisition builds on Risk Strategies’ self-insured and captive insurance practice on the west coast.

  • Creates long-term synergies due to shared culture, unique client focus, and one of the most seasoned Executive Leadership Teams in the industry.

Sica | Fletcher's Role

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

  • The Risk Management Advisors transaction builds on Sica | Fletcher's track record of success with large and complex transactions.

  • This transaction further highlights Sica | Fletcher’s strong relationships with top-tier investors, having worked with Risk Strategies on numerous deals.

#1 Mistake Agency Owners Make When Selling Their Business

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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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