US-based national specialty insurance brokerage and risk management firm Risk Strategies has acquired surety bonds specialist Bonds, Inc., which is focused on the construction industry, the firm said.
Terms of the deal were not announced.
Located in Hunt Valley, Maryland, Bonds, Inc. was founded in 1996 by its current president Michael Shaver.
The firm helps clients in the construction industry secure performance and payment bonds for projects.
The acquisition of Bonds, Inc. strengthens Risk Strategies Surety Practice bonding operations.
Bonds, Inc. helps maximize clients' surety credit in providing bonds for government and municipal projects in the Baltimore and DC-metro area.
A national scale broker with clients across the country in addition to its primary base in the Mid-Atlantic region, Bonds, Inc. also has expertise in writing international bonds for the State Department and the Overseas Budget Office.
Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property and casualty, employee benefits, and private client services risks.
Northern Oil and Gas Closes Acquisition of Williston Basin Assets
Nerdy Acquires Coding Education Startup
Revenue Management Solutions Closes Acquisition of US Check Processing Firm OrboGraph
EVI Industries to Acquire Laundry Products Distributor Aldrich Clean-Tech Equipment Corp
American Pacific Mining to Acquire Constantine Metal Resources
UMeWorld to Acquire US Nutritional Supplements Sales and Marketing Firm
Iomart Group Closes Acquisition of IT Holding Company Concepta
Irish Residential Properties REIT Acquires 69 Newbuild Homes in Dublin
Mears Grp Acquires IRT Surveys in UK
Portmeirion Group Acquires AromaWorks London Home Fragrance Products Brand
Tatton Asset Management Closes Acquisition of 50% Stake in 8AM Global
Foresight Sustainable Forestry Acquires Three Afforestation Sites
Music Licensing Firm Pro Music Rights to Go Public via a Reverse Merger with Nuvus Gro Corp
Coalition Closes Acquisition of US Insurance Carrier from Munich Re
Adams Resources and Energy Closes Acquisition of Firebird Bulk Carriers, Phoenix Oil