America's Benefit Specialist November 2023

MERGERS AND ACQUISITIONS

wherever they are—in person, over the phone and online. Prosper with Purpose Financials’ commitment to em powering agents and advocating for clients has cement ed its reputation. • LP Insurance Marketing Group, an IMO based in Hartford, Connecticut, and led by Hector Torres and Carlos Ruiz. Since founding LP Insurance in 2008, Torres and Ruiz have led the agency to become a trusted community resource for insurance information in the diverse communities they serve—often providing guidance and insight to both agents and clients in their native languages. LP Insurance now includes hundreds of agents across the United States and Puerto Rico. The agency specializes in serving seniors by providing Medicare products and annuities. • Legacy Protectors Life Group, an IMO based in Sarasota, Florida, and led by Jordan Lowery. A former collegiate athlete, Lowery brings a deep level of dedication and hard work to his business. Founded with a strong desire to serve, the company has experienced significant growth by building empathetic, respectful relationships with those it serves and treating each client like family. Legacy Protectors offers life insurance, mortgage protec tion and final-expense products through thousands of agents nationwide. • Invictus Marketing Solutions, an IMO based in Jefferson City, Missouri, and led by Travis LePage and Scott Amos. Amos and LePage founded Invictus in 2015 to deliver health and life products that would holistically serve the wellbeing and financial needs of each client. The agency specializes in Medicare coverage as well as life insurance, with the goal of helping senior clients thrive and feel con fident in their futures. By devoting time and personalized attention to helping each agent succeed, Invictus has con tinued to grow rapidly, expanding throughout the country. RISK STRATEGIES ACQUIRES orchestrateHR AND EBEN BENEFITS Risk Strategies, a national specialty insurance brokerage and risk-management firm, has acquired human resources and employee benefits specialist orchestrateHR Inc. and its

GALLAGHER ANNOUNCES ACQUISITIONS Arthur J. Gallagher & Co. recently announced the acquisi tion of Louisville, Kentucky-based WLA Insurance LLC, dba Altman Insurance Services. Terms of the transaction were not disclosed. Altman Insurance Services provides employee benefits brokerage and consulting services to large- and small-group businesses in Kentucky, Indiana, Ohio and Tennessee. Billy Altman, Mike Summerfield and their team will remain in their current location under the direction of Robby White, head of Gallagher’s South Central region employee benefits consulting and brokerage operations. Gallagher has also signed a definitive agreement to ac quire Natick, Massachusetts-based Eastern Insurance Group LLC, a subsidiary of Eastern Bank. The transaction is subject to regulatory approval and is expected to close this quarter. Eastern Insurance offers personal lines products as well as employee benefits consulting to clients throughout the Northeast U.S. Tim Lodge and his team will remain in their current location under the direction of Patrick Kennedy, head of Gallagher’s Northeast region retail property/ca sualty brokerage operations, and John Neumaier, head of Gallagher’s East region employee benefits consulting and brokerage operations. Eastern Insurance pro forma revenues and EBITDAC (including minimal expected synergies) for the trailing 12 months ended June 30, 2023, were approximately $104 million and $37 million, respectively. Under the agreement, Gallagher will acquire the assets of Eastern Insurance for consideration of $510 million net of agreed seller-funded expenses. INTEGRITY EXPANDS ITS REACH Integrity Marketing Group LLC recently partnered with sev eral firms: • Prosper with Purpose Financial, an independent mar keting organization located in Doral, Florida, and led by Marco Conde. Prosper with Purpose Financial helps tens of thousands of families each year protect their life, health and wealth. The company has built a tech-infused culture where it prioritizes simplicity and meeting clients

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