Alliant has acquired employee benefit platform Vertus in a bid to improve benefit schemes for its employees.
The strategic acquisition adds a diverse profile of services and global benefits capabilities to the company’s current employee benefits group.
Vertus provides a range of services which includes medical and RX, dental, life, disability, absence management, and voluntary benefits.
Alliant also has a global benefits practice that supports businesses with overseas operations, helping them navigate the complex global benefits landscape.
Mike Malouf, Vertus’ Managing Principal, will join fellow Principals Dan Papajcik, Dan Yost, and Chris Burns, along with the entire Vertus team, at Alliant.
Tom Corbett, Chairman and CEO of Alliant said: “In a crowded benefits marketplace, Vertus and its talented team of professionals have consistently separated itself from the pack by offering a broad spectrum of solutions backed by a proven commitment to personal service and advocacy for its clients.
“The firm’s innovative approach to the benefits process will meld seamlessly with Alliant’s longstanding commitment to client-centric benefits consulting.”
Malouf added: “Vertus has realised significant growth in the marketplace by questioning the status quo of a ‘service provider’ and acting as a steadfast advocate for our clients.
“Joining forces with Alliant aligns us with an organisation that shares our service-first culture and provides a broad range of new resources and solutions that will only enhance our ability to provide our clients with first-class benefits programs that are efficient, cost-effective, and results-oriented.”
The terms of the agreement were not disclosed.