Skip to main content

Risk Strategies Acquires Surety Specialist Bonds, Inc.

Written by Customer Service on . Posted in Mergers And Acquisitions.

Adds to existing capabilities, government sector expertise

BOSTON, July 20, 2022 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Bonds, Inc., a specialist in surety bonds focused on the construction industry. Terms of the deal were not announced.

Located in Hunt Valley, Maryland, Bonds, Inc. was founded in 1996 by its current President Michael Shaver. The firm helps clients in the construction industry secure performance and payment bonds for projects. Its staff is highly knowledgeable with combined experience of over 150 years in the surety industry.

“Michael and his team are an excellent fit with the Risk Strategies family and our specialist approach to risk,” said Scott Popilek, Risk Strategies Atlantic Region Leader. “Their focused surety expertise has made them a valued part of their clients’ business, and now they can leverage all the other insurance products and services of the Risk Strategies family.”

The acquisition of Bonds, Inc. strengthens Risk Strategies Surety Practice bonding operations. Bonds, Inc. helps maximize clients’ surety credit in providing bonds for government and municipal projects in the Baltimore and DC-metro area.

“In today’s business environment, clients really benefit from a specialist approach,” said Shaver. “We saw in Risk Strategies a true specialist who would understand the value we bring to clients, and joining the company gives us more options to help meet clients’ broader needs and expand our base of business.”

Bonds, Inc. works with a broad range of contractors, from smaller start-ups to large, highly experienced companies. A national scale broker with clients across the country in addition to its primary base in the Mid-Atlantic region, Bonds, Inc. also has expertise in writing international bonds for the State Department and the Overseas Budget Office.

As part of Risk Strategies, Bonds, Inc. will gain access to new markets, enabling them to help existing clients with broader geographical footprints, including overseas operations.

To learn more about Risk Strategies, please visit www.risk-strategies.com.

About Risk Strategies
Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property & casualty, employee benefits, and private client services risks. With over 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities and individuals, and has access to all major insurance markets. Ranked among the top brokers in the country, Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles and San Francisco. www.risk-strategies.com

Media Contact
Brittany Gould
Account Executive
rsc@matternow.com
518.937.3720

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.