DHR Insurance Services has acquired Benefit Advisors, in a move that strengthens and expands its group benefits offerings and provides Benefit Advisors’ customers access to a portfolio of insurance, human resource and payroll services offered by DHR Insurance Services and its parent company DHR.
The company said that the group benefits include medical, dental, vision insurance and also employee retirement programs such as 401ks.
DHR plans to utilize each Benefit Advisors employee as a result of merging the two companies’ operations. Physical operations will be consolidated into DHR Insurance Services offices in Phoenix over the next 30 to 60 days.
In conjunction, the company has appointed Perry Peters, president and founder of Benefit Advisors, as senior vice president of DHR Insurance Services.
Kevin Mencarelli, president and COO of DHR, said: “We welcome the Benefit Advisors team and their clients to the DHR family. Benefit Advisors’ expertise in group benefits will accelerate DHR’s strategic plan to ensure our customers have access to a comprehensive, flexible and customizable array of insurance and human resource services.”
Mr Peters, said: “We at Benefit Advisors are proud of what we built over the last 22 years but as we monitored the changing needs of our customers, it became clear we needed to provide them not only with superior benefits solutions, but also expanded insurance products and human resource services. DHR not only addresses those needs, but their culture matched our values and our emphasis on customer service.”