Benefit Plan Administrators Makes Add-on Acquisition of Undisclosed Benefit Plan Administrator

Harbour Benefit Holdings Acquires Benefits Administration, LLC (BAC)

June 24, 2020

Insurance

Harbour Benefit Holdings, Inc. acquired Benefits Administration, LLC (formerly Benefits Administration Corporation, Inc.), a Baltimore-based third-party administrator specializing in health, welfare and retirement services for union trust organizations. The deal expands Harbour's national footprint and client base, adding BAC to its family of companies alongside Zenith American Solutions, Pacific Federal and Innovative Software Solutions; financial terms were not disclosed.

BRP Group Acquires National Health Plans & Benefits Agency (NHPBA)

August 1, 2022

Insurance

BRP Group, Inc. (NASDAQ: BRP) acquired substantially all the assets of National Health Plans & Benefits Agency, LLC (NHPBA), a Fraser, Michigan-based provider of individual health insurance products. NHPBA brings ~50 colleagues, approximately $11.4 million of revenue and a growing Medicare practice, and will operate within BRP Group's Guided Solutions operating group.

Alera Group Acquires Boston Benefit Partners

June 4, 2021

Insurance

Alera Group has acquired Boston Benefit Partners (BPP), a Boston-based health and welfare consulting and brokerage firm. The deal expands Alera Group’s employee benefits capabilities and footprint in Massachusetts; terms were not disclosed.

Alera Group Acquires Benefit Planning Services (BPS) and IMG Benefits Group

March 5, 2018

Insurance

Alera Group has acquired two employee benefits firms: Benefit Planning Services (BPS) of Norwalk, Connecticut, and IMG Benefits Group LLC of Houston, Texas. Terms were not disclosed; BPS will join Alera through local firm CBP and IMG Benefits will join through local firm Ardent Solutions as part of Alera's continued national growth of its employee benefits practice.

U.S. Retirement & Benefits Partners Acquires MidAmerica Administrative & Retirement Solutions

January 3, 2022

Financial Services

U.S. Retirement & Benefits Partners (USRBP) has acquired MidAmerica Administrative & Retirement Solutions from Alpine Investors. The acquisition combines MidAmerica’s public-sector retirement and health & welfare plan administration capabilities with USRBP’s national platform to deepen market coverage and expand service capabilities for K-12, higher education and government clients.

PES Benefits Acquires Benefits Administration Business from Clarity Benefit Solutions

October 29, 2024

Professional Services

PES Benefits has acquired the Benefits Administration business from Clarity Benefit Solutions, bringing Clarity's benefits administration team and technology into PES's platform. The deal expands PES Benefits' technology capabilities and service offerings, and includes a reseller agreement under which Clarity will continue to market benefits solutions through PES.