Fort Myers Retirement Company Completes Acquisition in California | Business Observer


Foster & Foster Consulting Actuaries, a Fort Myers-based health and wellness plan consulting firm, has acquired California-based Bartel Associates LLC.

Terms of the agreement were not disclosed.

Bartel Associates has “provided quality, cost-effective actuarial consulting services to public agencies for the past 19 years,” according to a statement. Its core business is focused on consulting in Other post-employment benefits. The acquisition “will enable Foster & Foster to expand its OPEB advisory practice by expanding these services on behalf of a broader client base,” the statement added. Like Foster & Foster, Bartel also provides pension advisory services to public entities, which are part of CalPERS, one of the largest public pension funds in the world.

The deal follows a series of key acquisitions Foster & Foster has made in recent years, including last year’s acquisition of Beyer Barber in Pennsylvania and Rodwan Consulting in Michigan.

“This latest acquisition significantly expands our footprint in the West Coast market, strengthens our exceptional team of actuaries and strengthens our health and wellness plan consultants, who have experience in pensions. public sector and Taft-Hartley markets,” said Brad Heinrichs, CEO of Foster & Foster. said in the statement. “Foster & Foster is quickly becoming a national leader in providing actuarial services to public pension programs. We are excited to partner with our new colleagues to provide additional tools and resources to our growing customer base.

“Foster & Foster is a highly reputable company that shares our number one mission, which is to always put clients’ interests first,” John Bartel, founded by Bartel Associates, added in the statement. “We are delighted to join an exceptional team of actuaries who share our passion for high quality work for public sector entities and systems. I am confident that our current customers will continue to receive the same level of service and that our employees will continue to grow under Foster & Foster’s leadership. »

Founded in 1979, Foster & Foster provides actuarial retirement, health and welfare consulting services to public, labor, non-profit and private organizations nationwide. He manages 1,000 public retirement and health and welfare plans in the United States and provides strategic advice to a wide range of public sector organizations to help them anticipate and manage the economic perils of pension reform. pensions and other municipal cost-cutting measures.

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