Broker and risk manager Risk Strategies Company has acquired Crow Friedman Group, a professional liability brokerage company headquartered in Memphis, Tennessee.
Ranked in the top 35 brokers nationally with $100 million in revenues, Risk Strategies will now have over 400 employees nationwide and will place over $1 billion in premiums on behalf of their clients.
Crow Friedman represents more than 1,800 professional firms, including architects, engineers, healthcare professionals, and financial and environmental consultants.
John Crow and Don Friedman, the founders of Crow Friedman and their respective teams including Lee Edmond, Steve Brown and Mike Jackson, will remain with the firm and do business as Crow Friedman Group, a Risk Strategies Company.
"Our combination with Crow Friedman comes at a time of tremendous growth for our organization," said chief executive officer and Risk Strategies founder, Michael Christian. "Working with the experts at Crow Friedman Group will allow unparalleled access to professional liability expertise, particularly in the area of architects and engineers. In addition, the Crow Friedman Group represents our first meaningful geographic expansion into the southern region of the United States."
Risk Strategies Company, Crow Friedman Group, US
