A news release said terms of the deal for the $4 million benefits brokerage and consulting firm based in Alpharetta, Georgia, were not disclosed.
According to the announcement, SBS offers employee benefit services to middle market clients, with an emphasis on helping clients manage their health care costs through health improvement and productivity initiatives. SBS will operate within the Rutherfoord division of MMA, expanding Rutherfoord’s Atlanta market position. All of SBS’s leadership and employees will join MMA.
The transaction marks the first in a series of planned “spoke” acquisitions that MMA will make to enhance the resources and capabilities of its regional hub operations, the announcement said.
“The addition of Strategic Benefit Solutions is part of MMA’s strategy to add high-quality local talent and expertise to complement and expand the resources available to our clients,” said David Eslick, chairman and CEO of MMA, in the announcement.