Corrigan Johnston Risk Advisors Inc., a Basking Ridge-based all-lines brokerage focused on transportation-related industries, was acquired by Boston-based national specialty insurance brokerage and risk management firm Risk Strategies, according to a Tuesday announcement.
Terms of the deal were not announced.
Founded in 2006, Corrigan Johnston focuses on last mile delivery companies — including motor carriers, freight forwarders and independent contractor fleets — and moving and storage firms, as well as franchised automobile dealerships. It specializes in developing tailored traditional and alternative risk programs and providing claims and loss control services to businesses in the franchised auto dealer and transportation-centric industries.
The acquisition will bolster the capabilities of Risk Strategies’ National Transportation Practice.
“Corrigan Johnston Risk Advisors Inc. are thrilled to join Risk Strategies, an organization whose culture, values and ethos mirror our own,” President Patricia Corrigan Johnston said. “We are excited by the opportunity to offer our clients the full breadth of products and services of a large organization, while maintaining our boutique agency feel and high-touch service model.”