Deal Expands Foster & Foster’s National Footprint
FORT MYERS, Fla. (Jan. 22, 2018) — Foster & Foster Consulting Actuaries, Inc. announced today that it has completed its acquisition of Marsh Consulting Group (MCG), a top health & benefits consulting firm headquartered in Paso Robles, California.
“The completion of this acquisition marks yet another important milestone in the history of Foster & Foster and continues our firm’s expansion to the West Coast,” said Brad Heinrichs, Chief Executive Officer of Foster & Foster. “Integrating this talented group from the West Coast with our dynamic and innovative staff in the Midwest and East Coast will allow us to service clients regionally and provide more comprehensive solutions to those clients who have members spread across the country.”
Adding a California office expands Foster & Foster’s footprint from the Atlantic Ocean to the Pacific Ocean. Foster & Foster now has offices in Florida, Georgia, Texas, Illinois, Louisiana and California.
Foster & Foster’s team of expert actuaries are often called upon to help organizations forecast the economic perils of pension reform and other state and municipal cost-cutting measures that can impact the lives of millions of working families.
“By joining Foster & Foster, the former Marsh consultants will be further empowered to carry out the vision of their founder, the late Geoff Marsh, to provide innovative solutions that help stretch the health care dollar as far as possible for its clients,” Heinrichs said.
“His vision, combined with our relentless approach to making each client feel like they are our only client, should be a positive influence for our current clients and for former Marsh clients who are being welcomed to Foster & Foster,” Heinrichs added.
This acquisition will enable Foster & Foster to better tailor its services to consult directly to clients of any size, while minimizing unnecessary administrative costs that may be charged by larger actuarial consulting firms.