AmWINS Group has completed the acquisition of Group Benefit Services and GBS Payroll Plus for an undisclosed sum.
Group Benefit Services, founded by Bill and Kath Simmons, is a third-party administrator and general agent of employee benefits in the Mid-Atlantic region of the US. The group provides employee benefit solutions to both fully insured and self-insured groups.
Steven DeCarlo, CEO of AmWINS, commented: “We are excited to partner with Group Benefit Services. [Bill and Kath Simmons] and the entire GBS team have built a reputation as a trusted benefits advisor and, as part of our group benefits division, will enable us to further diversify our offerings to support brokers with mid-market employer clients.”
Samuel Fleet, president of AmWins Group Benefits, added: “Through this partnership, we will also be able to enhance our mid-market self-funded product offerings as well as expand our capabilities in fully-insured product administration.”
“This acquisition is a perfect complement to our existing Group Benefits division capabilities and helps us round out our full service solutions for our broker clients.
