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Deals & People January 7, 2015
Alliant Insurance Services Acquires American Benefits Consulting
The move by Alliant Insurance Services to acquire American Benefits Consulting marks the specialty insurance firm’s third employee benefits purchase in the last 12 months.
Reported by Lee Barney
Alliant Insurance Services announced that it will acquire American Benefits Consulting (ABC), an employee benefits consulting firm with offices in New York and Pennsylvania.
ABC’s clients consist primarily of Fortune 500 companies, and the firm says it has a focus on delivering cost-effective and innovative benefits programs for employers.
“ABC joins us with a long history of success, a proven service platform, and an extensive roster of national and multinational clients,” says Tom Corbett, chairman and chief executive officer of Alliant. “This acquisition, combined with our additional activities in the region, positions Alliant to further expand the reach and influence of our growing Employee Benefits Group.”
Founded in 1979, ABC focuses on four core benefit areas: voluntary benefits, group insurance, executive benefits and international benefits. ABC is headed by Peter Worth, who joins Alliant as vice chairman, employee benefits. The four other principals of the firm join Alliant as senior vice presidents, employee benefits. They are Eric Levy, Craig Guiffre, Jeffrey Jones and Paul Connolly.
With a history dating back to 1925, Alliant is headquartered in Newport Beach, California. In 2014, the firm acquired Sagewell Partners of Pittsburgh and The Camps Group of New York.