Kansas City, MO- based Lockton, the world’s largest privately held insurance broker, has acquired Outland Consultants, a long-time partner specializing in international mergers and acquisitions.
Since 1998, Outland Consultants has helped international companies assess and manage employee benefit costs and risks associated with an acquisition through due diligence analyses, transition and integrations support and benefit harmonization.
“We are very pleased to announce Outland Consultants is now part of the Lockton organization,” said Ross Reda, Executive Vice President and Chief Operating Officer of Lockton Benefit Group. “While Lockton already has a robust U.S.-focused Private Equity and Corporate Acquisitions Practice, we have typically turned to Outland Consultants for assistance with international mergers and acquisitions. In our new relationship, we can more effectively support one another’s growth and success.”
As a Lockton company, Outland Consultants and its seven associates will continue their work in Glastonbury, CT. Keith J. Goodell, FSA, will remain Outland’s Managing Director and Consulting Actuary and will work closely with Lockton’s employee benefits team, led by Senior Vice President Don Harrington, and Lockton’s Global Benefits team, led by Senior Vice President Pam Enright.
“Our new, deeper relationship with Lockton is a win for everyone,” said Goodell. “We’re able to provide Outland Consultants’ clients with the same account executives they’ve come to know and trust, but also with the support of Lockton’s 5,600 associates around the world.”
Lockton provides 48,000 clients around the world with risk management, insurance, and employee benefits consulting services that improve their businesses. From its founding in 1966 in Kansas City, Lockton has become the largest privately held, independent insurance broker in the world and 10th largest overall.
Terms of the acquisition were not disclosed.