MGM Benefits Group
Dowling Hales acted as exclusive financial advisor to Financial Benefit Services, LLC, Mass Group Marketing, Inc. and allsynx in their sale to Higginbotham Insurance Agency, Inc. (“Higginbotham”) Financial Benefit Services, LLC (“FBS”), Mass Group Marketing, Inc. (“MGM”) and allsynx (collectively the “Companies”) together are the leading employee benefits brokers to the Texas public school market, providing access to top-class products and services. Together, FBS and MGM serve as an agent to both employers and brokers, and employees are able to enroll through allsynx’s online enrollment platforms. The partnership with Higginbotham represents an opportunity to expand leadership within the public entities employee benefits market, while continuing to provide high-quality service to clients. The Companies will continue to operate under the leadership of Kyle James (FBS), Glenn Turchi (MGM) and Chris Wood (allsynx) from their shared headquarters in Richardson, Texas.
Target Company
MGM Benefits Group
Acquirer Company
Higginbotham Investment Holdings, LLC.
Acquisition Date
September 2021
Sector
Insurance
Acquisition Date
September 2021
Industry
Employee Benefits
Region
USA
State of Acquired
TX
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