M&A Deal Summary

Fringe Benefit Group Acquires The American Worker Plans

On July 23, 2014, Fringe Benefit Group acquired insurance company The American Worker Plans from American Westbrook Insurance Services

Acquisition Highlights
  • This is Fringe Benefit Group’s 1st transaction in the Insurance sector.
  • This is Fringe Benefit Group’s 1st transaction in the United States.
  • This is Fringe Benefit Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-07-23
Target The American Worker Plans
Sector Insurance
Buyer(s) Fringe Benefit Group
Sellers(s) American Westbrook Insurance Services
Deal Type Divestiture

Target

The American Worker Plans

Hoffman Estates, Illinois, United States
The American Worker Plans, Inc. is a Managing General Agent specializing in limited medical, voluntary and self-funded benefit options for employers with hourly and part-time workforces.

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Buyer(S) 1

Buyer

Fringe Benefit Group

Austin, Texas, United States

Category Company
Founded 1983
Sector Insurance
DESCRIPTION

Fringe Benefit Group is a provider in the design, implementation and administration of benefits for hourly and part-time workers.


DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Employer Plan Services

Houston, Texas, United States

Employer Plan Services, Inc. is a health insurance brokerage firm offers consulting services.

Buy -

Seller(S) 1

SELLER

American Westbrook Insurance Services

Westchester, Illinois, United States

Category Company
Sector Insurance
DESCRIPTION

American Westbrook Insurance Services, LLC provides a single source for businesses’ insurance needs in the Midwest. The company is contracted with top-rated carriers, providing agency partners and clients with the best products and services available in the industry today.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 The American Worker Plans

Hoffman Estates, Illinois, United States

The American Worker Plans, Inc. is a Managing General Agent specializing in limited medical, voluntary and self-funded benefit options for employers with hourly and part-time workforces.

Buy -