US-based insurance brokerage firm Alliant Insurance Services has acquired employee benefits consulting firm, American Benefits Consulting (ABC).
Terms of the transaction were not disclosed.
With offices in New York and Pennsylvania, ABC offers integrated employee benefits consulting services across four core business segments, including voluntary benefits, group insurance, executive benefits, and international benefits.
Alliant Insurance Services chairman and CEO Tom Corbett said: "ABC joins us with a long history of success, proven service platform, and an extensive roster of national and multinational clients.
"This acquisition, combined with our additional activities in the region, positions Alliant to further expand the reach and influence of our growing Employee Benefits Group."
Established in 1979, ABC joins Alliant with an extensive voluntary benefits technology platform committed to client communications, security and compliance, and program efficiencies.
ABC head Peter Worth will join Alliant as vice chairman of employee benefits, while four additional principals, Eric Levy, Craig Guiffre, Jeffrey Jones, and Paul Connolly will join Alliant as senior vice presidents of employee benefits.
Worth added: "ABC was started by developing innovative solutions for large companies that, in many cases, have effectively changed the corporate marketplace."
Alliant also acquired Sagewell Partners of Pittsburgh and The Camps Group of New York in 2014.
Alliant offers property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to around 26,000 clients across the globe, which include public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups.
Image: Alliant Insurance has acquired employee benefits consulting firm American Benefits Consulting. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.