Propel Insurance Acquires South Risk Management

Propel Insurance (Flexpoint Ford portfolio) Acquires HealthCare Services (HCS) Insurance Partners

July 1, 2020

Insurance

Propel Insurance, a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a boutique risk-management and insurance consulting firm based in Knoxville, Tennessee that specializes in senior living organizations. The acquisition expands Propel's senior living practice, strengthens its southeast presence (Knoxville and Charlotte hubs) and adds industry expertise to Propel's national platform; the combined agency will generate more than $120 million of annual revenue and operate seven U.S. offices.

Sigma7 Acquires Risk & Strategic Management, Corp.

June 20, 2022

Professional Services

Sigma7 has acquired Virginia-based Risk & Strategic Management, Corp. (RSM), a provider of risk consulting, business continuity and accredited security-focused training delivered via e-learning and an 87-acre immersive training facility. RSM founder Dr. Mike Blyth will remain CEO and all employees will stay in place; terms were not disclosed. The deal expands Sigma7's platform capabilities in training, crisis management and global risk services.

Keystone Insurers Group Acquires East Coast Risk Management

January 10, 2023

Professional Services

Keystone Insurers Group announced it has fully acquired the member shares of East Coast Risk Management (ECRM) and will integrate ECRM as Keystone’s risk management division. The transaction brings over 60 ECRM risk, HR and safety specialists into Keystone’s organization to expand its service capabilities for member agencies and increase the network’s service staff to more than 200.

BCS Financial Corporation Acquires Medical Risk Managers, Inc.

October 6, 2020

Insurance

BCS Financial Corporation has acquired Medical Risk Managers, Inc. (MRM), a managing general underwriter providing Stop Loss pricing and underwriting services. The acquisition adds MRM’s Stop Loss pricing, underwriting, and case management capabilities to BCS’s Risk Navigator solution set and keeps MRM leadership (Mehb Khoja) in place while MRM remains headquartered in Connecticut.

Sunny River Management Partners with Palmetto Air & Water Balance

December 21, 2021

HVAC & Mechanical

Sunny River Management (SRM), a private investment firm, has partnered with Palmetto Air & Water Balance, a Greenville, South Carolina-based provider of HVAC testing, adjusting, and balancing (TAB) services. As part of the transaction Rodney Hinton will become CEO while founder Penny Hinton remains President; SRM plans to accelerate growth through organic expansion and add-on acquisitions, with financing provided by Deerpath Capital Management.

RCM&D Acquires Consolidated Insurance + Risk Management

October 16, 2023

Insurance

RCM&D, a founding partner of Unison Risk Advisors, has acquired Consolidated Insurance + Risk Management, a Baltimore-area insurance brokerage founded in 1938. The deal closed October 13, 2023 and brings roughly 55 employees into RCM&D as the firm expands its presence and service capabilities in the Baltimore and Mid-Atlantic region.