Specialty insurance brokerage Risk Strategies has acquired New Mexico-based Burke Insurance Group. Terms of the transaction were not disclosed.
Burke Insurance Group was launched in 1980 by founder Will Burke. The firm specializes in the surety bond, construction, and oil and gasoline sectors in the New Mexico and West Texas region. Burke Insurance Group is the only agency in New Mexico to receive the Independent Insurance Agents & Brokers of America’s Best Practices Agency Award for 19 consecutive years. The acquisition marks Risk Strategies’ first expansion into New Mexico.
“As the Risk Strategies brand grows into new markets, it is an exciting time to welcome a local market leader such as Burke Insurance Group to the family,” said Steve Giannone, Risk Strategies Central and West Region leader. “They embody our specialist approach to risk by providing deep expertise and strong capabilities in key industry segments.”
“When we started our firm 40 years ago, our focus was on helping commercial contractors succeed,” Burke said. “By joining Risk Strategies, we maintain our local presence and gain the resources and services of a top national broker to better support our clients and compete into the next decades.”
