Lockton Companies, the world's largest privately held insurance brokerage and consulting firm, today announced the acquisition of Benefits Communication Insourcing (BCI), a move that reinforces Lockton's commitment to delivering tailored employee experiences and advanced benefits strategies for clients. This acquisition aligns with Lockton's vision to provide unmatched expertise and resources to meet the evolving needs of businesses and their workforce.
The acquisition of BCI transitions full ownership to Lockton shareholders while maintaining seamless service and continuity for clients. Lockton and BCI were already in an ownership agreement, highlighted by shared values and a dedication to creating solutions that empower organizations and enhance employee wellbeing.
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With this acquisition, Lockton strengthens its ability to design and implement innovative employee benefits strategies. Clients will benefit from:
"This acquisition is foundational to the exceptional employee experiences we strive to design for our clients," said Tim Ryan, U.S. President at Lockton. "It further positions us to deliver even greater value and to empower organizations in ways that drive meaningful results."
"We are thrilled to become part of the Lockton family," said Ryan Grady, President of BCI. "This partnership will result in better access to resources and enhanced capabilities that will benefit clients tremendously. Together, we are poised to continue to raise the bar in employee experiences and benefits."
Terms of the deal will not be disclosed. Subject to the completion of regulatory approvals and other conditions, the parties expect the deal to close before the end of the year.
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Source: PRN Newswire
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