A Glastonbury-based company, May, Bonee & Clark Insurance, has been acquired by a national specialty insurer based in Boston.
Risk Strategies announced Tuesday that it had purchased May, Bonee & Clark, which provides insurance placement, financial services and risk management advice.
Terms of the deal were not announced.
Risk Strategies, the ninth-largest privately held U.S. brokerage firm, has more than 30 specialty practices and more than 100 offices, including Boston, New York City and Chicago.
May, Bonee & Clark Insurance has provided insurance services to businesses and individuals in the Greater Hartford area for more than 35 years.
Risk Strategies said the acquisition adds strength to employee benefits and financial services in the New England region.
“Our focus when evaluating a potential partner to expand our capabilities is primarily on the firm’s culture and commitment to expert knowledge in service to its clients,” said Edward Flanagan, New England regional leader of Risk Strategies. “The team at May, Bonee & Clark clearly hit that mark: great people doing smart work for an incredibly loyal customer base.”
