Retirement plan consultant Hooker & Holcombe announced Monday that it has been acquired by USI Consulting Group.
Bloomfield, Connecticut-based H&H employs 68 professionals and is led by president Richard S. Sych. It has advised municipal, corporate and nonprofit organizations on retirement plans and other benefits since it was founded in 1956.
USI Consulting Group operates nationally as a full-service retirement plan consulting and benefits administration firm. It is an affiliate of both USI Securities Inc. and USI Advisors Inc., and is a wholly owned subsidiary of USI Insurance Services.
M&A advisory firm Wise Rhino Group advised Hooker & Holcombe on the transaction. Terms of the deal were not disclosed.
“For more than 67 years, through the expertise of our dedicated and knowledgeable professionals, H&H has built a strong reputation for delivering effective retirement plan solutions that exceed client expectations. We look forward to advancing this longstanding tradition of service excellence through our partnership with USI Consulting Group,” H&H president Richard Sych said in a statement.
“We are thrilled to welcome the talented professionals from H&H to the USI family and look forward to strengthening USI’s retirement consulting expertise throughout the country,” Bill Tremko, president and CEO of USI Consulting Group, said in a statement about the deal.
Peter Campagna, partner at Wise Rhino Group, says H&H’s partnership with USI gives the H&H team an expanded base of resources and tools to take their already outstanding service to another level.
“These two firms are a terrific match and have a very bright future together,” Campagna said.
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