Coopers & Lybrand has agreed to acquire Kwasha Lipton, a leading benefits consulting firm, and merge it into its human resources operation. Kwasha will become part of Cooper's Human Resource Advisory unit and will be led by Reed A. Keller, currently vice chairman in charge of HRA.
The combined entity's retirement and benefits administration services will be called Kwasha Lipton Group. Current Kwasha CEO Robert S. Byrne Jr. will lead Kwasha Lipton Group.
A spokesman at Kwasha said discussions have been taking place for several weeks and the firm was seeking the best fit in either an acquisition or merger.
The transaction is expected to close later this month. Terms were not disclosed.
