Kelso Fund IX Announces Agreement to Acquire Risk Strategies Company

October 7, 2015

Kelso is pleased to announce that on October 7, 2015, we signed an agreement to acquire Risk Strategies Company (“RSC” or the “Company”). Management and other employees are rolling ~50% of their proceeds and will own ~20% of the pro forma equity.

RSC is a leading national insurance brokerage firm, focused on select specialty practices serving middle/upper-middle commercial clients and high net worth individuals. Headquartered in Boston, MA, the Company has 17 offices across the U.S. and ~500 employees. RSC has a differentiated business model focused largely on more complex specialty practices, including healthcare, professional liability, entertainment and fine arts. Additionally, the Company is well diversified across all elements of its business (e.g., specialty product lines, clients, carriers, producers, and geographic footprint).