BenefitMall, a provider of employee benefits and payroll services, announced Tuesday it has acquired Fiduciary Intermediary Ltd., a benefits general agency operated in New Jersey and New York.
“It is an honor to welcome FILCO to BenefitMall,” Barb Taylor, regional vice president for BenefitMall, said. “We continually strive to expand our footprint and resources and are thrilled to have FILCO’s talented and resourceful team join us.”
Under terms of the deal, Brian Cullen, president of FILCO, and Richard Murray, executive vice president, join BenefitmMall, along with a sales and service team.
“We are thrilled to be joining forces with BenefitMall,” Murray said. “This alliance represents an incredible opportunity for us to expand on the technology, products, and services we offer to our producers. There is amazing symmetry in our firm’s cultures, and with BenefitMall’s reputation and proven track record for success, we could not think of a better organization to have as our partner.”
“FILCO’s decision making through the years has always been focused on what is best for our producers, and how can we help them grow their employee benefits business,” Cullen said. “Our decision to partner with BenefitMall shows our dedication to our brokers and how important their success is to our core values. BenefitMall’s products and resources coupled with our broker centered sales and service team will help everyone reach new heights.”