GMC Advisors Joins Risk Strategies in Expansion Move

Deal News | Apr 28, 2025 | EIN

Risk Strategies, a Boston-based specialty brokerage firm, has acquired GMC Advisors, a commercial lines insurance specialist based in Houston, Texas. The terms of the deal were not disclosed. GMC Advisors, founded in 2003 by Greg Chubon, focuses on providing insurance products for the construction, manufacturing, energy, and petrochemical-related sectors. This acquisition aligns with Risk Strategies' strategy to enhance its service offerings and expand its presence in the middle-market insurance sector, particularly within Texas' robust energy and manufacturing industries. Chubon, a 37-year industry veteran, has experience in regional and national brokerage firms, bringing valuable expertise to the Risk Strategies team.

Sectors

Insurance
Construction
Energy

Geography

United States – Both Risk Strategies and GMC Advisors operate within the U.S., with specific emphasis on the Texas market for GMC Advisors.
Texas – GMC Advisors is based in Houston, Texas, highlighting the regional focus of the acquisition.

Industry

Insurance – GMC Advisors specializes in commercial lines insurance products, a key focus area of Risk Strategies.
Construction – The acquisition targets insurance solutions within the construction industry, a specialty of GMC Advisors.
Energy – GMC Advisors and Risk Strategies aim to strengthen insurance services in the energy sector, including oil, gas, and petrochemical industries.

Financials

N/A – The terms of the acquisition deal between Risk Strategies and GMC Advisors were not disclosed.

Participants

Name	Role	Type	Description
GMC Advisors, LLC	Target Company	Company	A Houston-based insurance specialist focusing on construction, manufacturing, and energy sectors.
Risk Strategies	Bidding Company	Company	A Boston-based specialty brokerage offering risk management and insurance services.
Greg Chubon	Owner	Person	37-year industry veteran and founder of GMC Advisors.