US Retirement Partners (USRP) has acquired United Specialty Benefits (USB), which will be part of USRP’s network that provides retirement benefits and other services to the K-12 education market.
USB is the second Texas firm to join the USRP network, which was founded to give regional firms the scale and capability of a large national firm to succeed in the K-12 marketplace.
USRP now has partner firms operating in 11 US states, and it has more than $2bn in assets under administration.
USRP president and CEO Mark Skinner said that with USB’s technology infrastructure capable of supporting several employees, it will deliver quality services for school employees across the US while helping their districts save resources.
Bedford, Texas-based USB was founded in 1995 by Gene Tyler. Since its inception, the company has has developed a significant client base in the K-12 educator market segment across the states of Texas, Louisiana, Oklahoma, Arkansas, Mississippi and New Mexico.