Marsh & McLennan Agency acquires Benefits Advisory Group

17 October 2016

Marsh & McLennan Agency has boosted its capacity in benefits consulting with the acquisition of Benefits Advisory Group. The deal, the value of which has not been disclosed, sees Benefits Advisory Group’s team, including owner Al NeSmith, transfer to Marsh & McLennan’s Atlanta operation. 

Benefits Advisory Group (BAG) is based in Atlanta, Georgia. The firm, established in 2003 to support clients with improving the effectiveness of their employee benefit packages, provides advisory aimed at reducing total costs for benefit packages, as well as a range of human resources and compensation audit offerings. The firm’s services include Employee Benefit Consulting, Benefit Communication and Enrolment, Technology Services and Integrated Healthcare Solutions, among others.

Marsh & McLennan Agency acquires Benefits Advisory Group

Through the acquisition, Marsh & McLennan Agency (MMA), a mid-market insurance and advisory firm, boosts its regional mid-market capacity within the employee benefits consulting space. The move will see BAS’s team, including owner Al NeSmith, transfer to the existing Atlanta based operation of MMA. The value of the deal has not been disclosed. Earlier this year MMA, who is no stranger to inorganic growth in the mid-market space, already acquired Aviation Solutions, Corporate Consulting Services and Celedinas Insurance Group

Thomas Brown, Vice Chairman of MMA’s Mid-Atlantic region, says that the firm is “pleased” about the addition of NeSmith and his team to the firm's Mid-Atlantic operation. “Benefits Advisory Group brings a complementary set of talent that will enhance our employee benefits offering in the Atlanta market,” Brown adds.

Commenting on the transaction, Al NeSmith says he is excited to join MMA and the regional partners in the Mid-Atlantic. “This relationship will enable us to continue to offer best-in-class employee benefits solutions to our clients with a broader range of best-in-class products and services,” he responds.


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”