Willis Group Holdings, a global insurance broker, has acquired CGI Consulting Inc, an employee benefits company with annual revenues of approximately $7 million. Terms of the transaction were not disclosed, but the acquisition is expected to close at the end of February.
CGI Consulting is an employee benefits firm offering a range of benefits services and administrative solutions to mid-size companies predominantly in the mid-Atlantic and northeast region of the US. CGI is headquartered in Malvern, Pennsylvania.
CGI has built a strong business based on listening to clients, understanding their needs and then developing and delivering solutions aimed at their core issues, said Joe Plumeri, chairman and CEO of Willis.
This is consistent with the Willis Client Advocate model of customizing our services to fit the client’s unique circumstances. The culture is a great fit and the acquisition is a clear illustration of our commitment to grow our employee benefits practice, as well as consistent with our overall strategy of building key practice groups which we have identified as having strong growth potential, he continued.