Insurance brokerage and risk management firm Risk StrategiesCo. on April 5 announced its acquisition of Maggs & Associates Business InsuranceBrokers Inc., a Schenectady, N.Y.-based brokerage, specializing in serving theinsurance placement and risk mitigation needs of colleges and universities.

Owner and Principal Thomas Maggs, along with his staff, willjoin Risk Strategies and continue to operate from its Schenectady offices.

The insurance broker's clients include colleges anduniversities, educational institutions below the secondary level, as well asclients in commercial lines such as finance, technology and health care.

In October 2015, Risk Strategies announced an by new majority ownerKelso & Co. LP.