Transitions has been using SMS support services for 10 years.
Transitions will remain in Atlanta, and Smith and other Transitions employees will remain with the company, according to SMS.
SMS now has relationships with 65,000 independent insurance agents and 1,000 career agents.
TriNet and Zenefits
TriNet – a professional employers’ organization based in Dublin, California – has acquired Zenefits, a Chicago-based human resources, benefits and payroll systems company, from Francisco Partners, an investment firm.
Francisco Partners will get a stake in TriNet, and he has agreed to recommend TriNet services to other companies in his investment portfolio.
Hilb and Charles Newman Co.
The Hilb Group, an insurance distributor based in Richmond, Virginia, has acquired Charles Newman Co., an insurance and benefits broker based in Peekskill, New York.
Hilb will hire the owners and directors of the company, including Charles Newman, Ilana Arbeit and David Arbeit, as well as other company employees.
International Hub and Fiducia Hub and Benefit Partners Group Hub and GRP Financial California
Hub International Ltd. – a Chicago-based insurance and financial services brokerage firm – acquired the assets of three companies in the pension market: Fiducia Group of Pittsburgh; Benefit Partners Group of Libertyville, Illinois; and GRP Financial California of San Clemente, California.
Fiducia provides 401 (k) and pension advisory services to employers in the corporate, Taft-Hartley, public and not-for-profit sectors. It manages approximately $ 2.3 billion in assets. Hub will hire Charley Kennedy, CEO of Fiducia; James Bartoszewicz, Chief Compliance Officer and other Fiducia employees.
Benefit Partners Group provides group life insurance, health and disability benefits as well as pension services to approximately 500 clients. Hub will hire Russell Warye, the company’s founding partner, and company employees.
GRP Financial California provides pension advisory services to plan sponsors and investors. It manages approximately $ 3.4 billion in assets. Hub will hire the company’s employees and directors – Jason Jeskey, Austin Gwilliam and Kyle Posvistak.
NFP and IFTI
NFP, a New York-based insurance and financial services vendor, has acquired Improved Funding Techniques, a Lynnbrook, New York-based pension plan designer and administrator.
NFP will make Daniel Bystrom, president of IFTI, a senior vice president.
USRBP and MidAmerica
US Retirement & Benefits Partners – a pension plan provider based in Iselin, New Jersey – acquired MidAmerica Administrative & Retirement Solutions, a third-party administrator based in Lakeland, Fla., In the pension market.
MidAmerica was founded in 1995. It focuses on serving schools, government entities and other employers in the public employer sector.
The USRBP announces that it will hire employees of MidAmerica.
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