Horizon Actuarial Services is acquiring Crews MacQuarrie & Associates, said Mark Lewis, chief operating officer and chief financial officer at Horizon. Both firms provide actuarial and consulting services to multiemployer plans.
Terms of the deal, which is scheduled to close July 1, were not disclosed. The combined firm will be retain the Horizon name, and all CMA employees will join Horizon.
Through this deal, Horizon Actuarial will expand its capabilities for both pension funds and health and welfare plans. The combination adds CMA’s office in Irvine, Calif., to Horizon’s offices in Atlanta, Los Angeles and Washington — and represents a 20% increase in employees for Horizon Actuarial.
“This combination … will help strengthen the services we deliver to our clients and give both firms expanded reach in new geographic areas,” said Stan Goldfarb, managing consultant, actuary, and co-founder of Horizon Actuarial, in a news release.