Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has announced the acquisition of Ladmar Group, a retail employee benefit firm headquartered in Hauppauge, N.Y. Terms of the transaction were not disclosed.
Founded by Phil Fierro and Linda Marra, Ladmar Group provides employee benefits services and advice with a spectrum of value-added services including strategic planning, carrier rate negotiation, compliance assistance and enrollment support. Ladmar Group also offers Medicare products to the small employer and individual market.
“In a time of tight labor markets and environment of rising healthcare costs, specialty expertise in crafting employee benefit plans that fit business goals is vital,” said John Greenbaum, national employee benefits practice leader at Risk Strategies. “Ladmar’s expertise and proven track record makes them a great fit with our approach to client success.”
“Ladmar’s success was founded on our years of experience and ability to collaborate to solve complex client challenges,” said Marra, managing partner at Ladmar Group. “Becoming part of Risk Strategies allows us to continue this collaborative, expertise-driven approach to client service and scale our business with a broad range of new capabilities.”
“Building and administering employee benefits programs requires deep knowledge of both the client and its business goals, as well as relevant state and federal regulations,” said Michael Sean Grant, employee benefits leader for Risk Strategies’ New York region. “Ladmar Group is a significant addition to our expertise in the New York region.”
Ladmar is the latest in a series of acquisitions for Risk Strategies. Last month, the company acquired Florida-based Tanenbaum-Harber. in December, it snapped up Statewide Condominium Insurance, also based in Florida.
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