Risk Strategies has revealed that it has acquired the insurance and risk management advisor Tanenbaum-Harber of Florida. The terms of the deal were not disclosed.
Founded in 1860, the Miramar, FL-based Tanenbaum-Harber is one of the largest independent retail agencies operating in South Florida. According to a release, Risk Strategies not only acquired Tanenbaum-Harber of Florida, but also the assets of Tanenbaum-Harber of California, which operates in San Diego, CA.
Tanenbaum-Harber reported “strong business growth” over the past five years, and has more than 5,000 clients across a range of industries, including wholesale distribution, real estate, security, hospitality, technology and non-profit.
“Tanenbaum-Harber brings another industry-leading brand to our growing Florida team,” said Risk Strategies Atlantic regional leader Scott Popilek. “They have terrific, highly experienced people and an approach to client service built and refined for over 150 years that perfectly aligns with our firm.”
“Given the long history of our firm, we wanted to find a partner that could provide a path for our people and business to scale both within the state and nationally,” added Tanenbaum-Harber of Florida president Fred Jove. “Risk Strategies, having both a strong presence in key areas within our home state and more than 30 specialty practices nationally, presented both a great business and cultural fit.”
Last month, Risk Strategies acquired Statewide Condominium Insurance. Based in Vero Beach, FL, Statewide is a retail broker specializing in the condominium and apartment complex risk sectors.
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