Risk Strategies Co. has acquired Quincy, Mass.-based brokerage firm University Health Plans Inc., which specializes in student health insurance programs.

Terms of the deal were not disclosed.

Risk Strategies offers risk management advice as well as insurance and reinsurance placement for P&C, healthcare and employee benefits risks. University Health Plans works with colleges and universities to provide quality and affordable health insurance to their student populations.

Kelso & Co. LP owns a majority stake in Risk Strategies.