Risk Strategies, a privately held, national insurance brokerage and risk management firm, has today announced its acquisition of McCamon Hunt Insurance Agency Inc., an all-lines insurance agency based in Boardman, Ohio.
McCamon Hunt was founded in 1996 through a merger but can trace its local Ohio roots back to 1939. The agency boasts strong client retention, thanks partly to its longstanding staff. Many of the agency’s employees possess almost two decades of experience in the industry and an average tenure of 17 years, thus offering clients both stability and depth of expertise.
The agency also has a wide product offering, which spans group health, commercial package, life insurance and personal lines. Business segments that the agency counts among its clients range from contractors and distributors to real estate and engineering firms.
“Our longevity, both as an agency and with our client accounts, has been built through a focus on expert, individualized consultation and service,” said Stan McCamon, president of McCamon Hunt. “When looking for a partner to help broaden and scale our business, we saw Risk Strategies as a natural fit given their focus on specialization and technical expertise across practices.”
The acquisition of McCamon Hunt further solidifies Risk Strategies’ Midwest footprint and presence in Ohio. It follows two other significant acquisitions in the state: the purchase of Cleveland-based Brightstone Insurance Services in 2017, which enabled Risk Strategies to establish its transportation practice; and the 2018 deal for Cincinnati-based Benefits Network Insurance Agency (BNIA), which boosted Risk Strategies’ employee benefits practice.
John Mina, Risk Strategies CEO, commented on the McCamon Hunt deal: “The current business and insurance market environment underscores the need for expert consultation in risk and liability management. We saw in McCamon Hunt an opportunity to partner with a team that has built outstanding success upon its skills and the trust it has engendered in its clients.”
Terms of the transaction were not disclosed.
