Florida-based MDW Insurance Group has acquired American Benefit Partners, an employee benefits consulting firm, to boost the scope of its benefits practice and expand footprint into Palm Beach County, South Florida.
Financial terms of the transaction remained undisclosed.
Based on the terms of the agreement, American Benefit Partners's founder Leslie Carlet Ms Carlet has joined MDW as director of employee benefits.
MDW Insurance Group CEO Jeff Weiner said that the acquisition will allow the company to provide better resources and a wider platform of services to serve the employee benefits needs of its clients.
"The acquisition also furthers the growth efforts of MDW Insurance Group and expands its locations into South Florida's tri-county area of Dade, Broward and Palm Beach counties," Weiner added.
Leveraging a consultative approach, MDW's employee benefits division offers better employee benefits programs and tailored health and wellness consulting to improve health, while reducing the cost associated with healthcare.
The division's professionals also help their clients to efficiently navigate the complexities of Health Care Reform and the changing regulatory environment.
This acquisition and subsequent integration will enable the company to create a full comprehensive and integrated service, independently owned agency for the advantage of its clients, the company said.
Established in 1979 and headquartered in Coral Gables, US, MDW Insurance provides an array of personal and commercial insurance coverages, and group health and executive benefits from various insurance carriers.