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Oswald Companies Announces Acquisition of Transactional Risk Advisors, LLC

oswaldcompanies September 13, 2016

CLEVELAND – Sept. 13, 2016 – Oswald Companies, one of the largest independently owned insurance brokerages in the U.S., has announced the acquisition of Transactional Risk Advisors, LLC (TRA), a Cleveland-based insurance advisory firm for the mergers and acquisitions community.

TRA was formed in 2012 by Jeff Phillips and Steve Lee, in response to increased demand for transaction insurance solutions in North America. Both professionals have advised clients in transactions for over 25 years; Phillips as an insurance broker and Lee as an M&A attorney.

TRA specializes in representations and warranties insurance, environmental insurance, tax liability insurance and contingent liability insurance.

“Transaction Insurance is a way of allocating risk that emanates from a transaction to the insurance market for a fixed cost,” said Phillips. “It is one of the fastest growing segments in the insurance industry today.”

“TRA further strengthens our ability to advise our clients, including private equity and strategic buyers, as a complement to our due diligence and aggregation structures, and in mitigating risk in order to help them facilitate deals,” said David C. Jacobs, Oswald Companies President and COO. “We look forward to leveraging Jeff’s and Steve’s unique skill set in this rapidly growing segment.”

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The TRA acquisition marks Oswald’s second acquisition this year, including the June 2016 acquisition of The Hoffman Group.

Oswald has completed six acquisitions in the last five years, in addition to significant investments throughout its six regional office markets – Akron, Columbus, Cincinnati, Detroit, Medina and Toledo – and a recent expansion of its Cleveland headquarters at Oswald Centre, 1100 Superior Ave.

About Oswald Companies Founded in 1893, Cleveland-based and employee-owned, Oswald is one of the nation’s largest independent insurance brokerage and risk management firms. As a proud member of Assurex Global, the world’s largest association of privately held insurance brokers, our risk management professionals service and support the needs of our clients throughout the U.S. and worldwide. Learn more at