Threat Methods Acquires Philadelphia Space’s Fairmount Advantages

Boston-based nationwide specialty insurance coverage dealer Threat Methods introduced it has acquired Fairmount Advantages Co., a Philadelphia-based specialty agency centered on worker profit packages and expertise for company employers.

Fairmount Advantages has established specializations in funding mechanisms, pharmacy price administration, profit applied sciences and worker engagement.

A lady-owned enterprise, Fairmount Advantages was established in 2020 when founders and long-term Megro Advantages Co. staff Cheryl Kiley and Ronnie Beth Stanley purchased out and rebranded the agency. Along with their 20-year tenure with Megro advantages, Kiley and Stanley even have expertise in company healthcare and prescribed drugs.

At Megro Advantages, the agency traditionally served purchasers within the southeastern Pennsylvania, New Jersey and New York areas. Following the buyout and rebranding to Fairmount Advantages, the agency expanded its attain and now serves purchasers all through the nation and throughout a variety of industries together with expertise, manufacturing, skilled companies, non-profits, life sciences and telecommunications.

“We wished a companion who may assist us scale our enterprise with out compromising our specialist strategy,” stated Kiley.

Phrases of the deal weren’t disclosed.

Matters
Mergers & Acquisitions