Risk Strategies announced that it has acquired GMC Advisors, LLC., based in Houston, Texas. Terms of the deal were not disclosed.

Headed by owner Greg Chubon, GMC Advisors is a specialist in commercial lines insurance products, with a focus on the construction and manufacturing industries, as well as companies in the energy sector. Founded in 2003, the firm has built a record of consistent growth propelled by specialty knowledge and a focus on helping middle-market companies in target industries.

In addition to construction and manufacturing, GMC Advisors counts clients among engineering, oil and gas, and petrochemical-related firms in the region. Chubon is a 37-year industry veteran who, prior to founding GMC Advisors, held a number of positions for regional and national brokerages including new business development.

Risk Strategies, part of Accession Risk Management Group, is a Boston-based specialty brokerage firm offering comprehensive risk management services, property and casualty insurance and reinsurance placement, employee benefits, private client services, consulting services, and financial & wealth solutions.

Topics
Mergers & Acquisitions
Texas