US-based employee benefits-only agency Digital Insurance has purchased Tennessee’s Capital Benefits Group, for an undisclosed sum.
The acquired entity operates as a division of Digital Insurance, under the Digital Benefit Advisors (DBA) brand name.
Capital Benefits Group president and CEO Harold Roe and his 16 member team have joined DBA to deliver expanded offerings and greater resources to clients, according to the agreement.
Digital Insurance executive vice president and chief marketing officer Mike Sullivan said the acquisition will strengthen its presence in Southeast region, while allowing it to offer more affordable benefits packages to employers.
The company said that employers will get access to a broader variety of carriers, dynamic tools, specialized products and the ability to effectively navigate the complexities of health care reform.
It will also provide direct policy holder access to a Customer Advocate Center, where experienced and licensed Digital representatives resolve the queries, enabling employers to relax HR departments.
Established in 1998, Capital Benefits Group served as the benefits partner of Tennessee Mass Mutual Agency, Capital Financial Group and will remain operating across Nashville, as well as in Knoxville and Chattanooga.
Digital Insurance specializes in medical insurance for small businesses and mid-sized companies.