Deal Continues to Expand Foster & Foster’s National Footprint
FORT MYERS, Fla.–(BUSINESS WIRE)–#actuaries–Foster & Foster Consulting Actuaries, Inc. a premier actuarial and health and welfare plan consulting firm based in Fort Myers, Florida, which represents nearly 1,000 public pension and health and welfare plans in the United States, announced today that it has completed its acquisitions of Beyer Barber Company, a top actuarial consulting firm headquartered in Allentown, Pennsylvania, as well as Rodwan Consulting Company, another prominent regional actuarial firm located in Royal Oak, Michigan.
“These strategic acquisitions expand our footprint into Pennsylvania and Michigan and deepens the depth of our exceptional team of actuaries and health and welfare plan consultants, experienced in public-sector pensions and Taft-Hartley markets,” said Brad Heinrichs, Chief Executive Officer of Foster & Foster. “Nearly half of all public-sector pension systems in the United States are based in Pennsylvania and Michigan, so positioning ourselves in these key geographic regions will enhance our ability to significantly expand our client services. Our firm is deeply committed to preserving the solvency and success of public-sector health and welfare plans and Taft-Hartley plans across the country for many years to come. These recent acquisitions will bolster our efforts to achieve these long-term objectives.”
Beyer Barber’s President, Randee Sekol said, “Merging with Foster & Foster will greatly benefit our clients by enhancing the resources and tools we currently provide. This merger will also grow our team substantially, which will enable us to execute a seamless succession plan in the future.”
Sandra Rodwan, President of Rodwan Consulting Company said, “Foster & Foster is a highly reputable firm that shares our number one mission, which is to always put the interests of our clients first. We’re thrilled to join an outstanding team of actuaries and health and welfare plan consultants who share our passion for securing public pension and health and welfare plans on behalf of their beneficiaries.”
Foster & Foster’s team of experts provide strategic guidance to a wide range of public sector organizations to help them forecast and navigate the economic perils of pension reform and other municipal cost-cutting measures that can have negative implications for millions of working men and women.
About Foster & Foster
Based in Fort Myers, Florida and founded in 1979, Foster & Foster provides actuarial pension and health consulting services to public, labor, not-for-profit and private organizations throughout the country. Foster & Foster seeks to maximize the benefits that can be afforded to police officers, electricians, fire fighters, painters, teachers, ironworkers, healthcare workers, carpenters, sanitation workers, teamsters, and other municipal, county, state and Taft-Hartley members across all trades. Like Beyer Barber and Rodwan, Foster & Foster’s client base consists of members who provide the essential services that communities around the United States depend on every day. For more information about Foster & Foster, please visit www.foster-foster.com
Contacts
Michael Skelly 917-364-8142
michael@skellystrategicsolutions.com
