KANSAS CITY, Mo., May 19, 2016 /PRNewswire/ -- Lockton, the world's largest privately held insurance broker, has acquired Outland Consultants, a longtime 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 integration 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 US-focused Private Equity and Corporate Acquisitions Practice (PECAP®), 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, Connecticut. Keith J. Goodell, FSA, will remain Outland Consultant's Managing Director and Consulting Actuary and will work closely with Lockton's employee benefits PECAP 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 6,000 Associates around the world."
More than 6,000 professionals at Lockton provide 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, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. For seven consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's employee benefits experts, check the Lockton Health Reform Blog, the Lockton Health Risk Solutions Blog, the Lockton Benefits Communications Blog or the Lockton HR Technology Blog.
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