Risk Strategies Company Acquires CBG Benefits
Overview of Transaction
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CBG Benefits, Inc. is a full-service employee benefits brokerage firm headquartered in Woburn, MA and was founded in 1999.
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CBG Benefits helps human resources and corporate finance departments on a number of fronts and in recent years has developed a reputation as a market leader in serving the complex needs of biotechnology companies and companies of all industries successfully navigate the world of HR and benefits technology.
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CBG Benefits agreed to be acquired by Risk Strategies Companies, a top 20 National Insurance Broker.
Significance of Transaction
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The CBG Benefits acquisition strengthens and expands Risk Strategies employee benefits presence in New England.
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CBG Benefit’s leadership team will remain with Risk Strategies as they continue to maintain close relationships with insurers to better serve their large client base.
Sica | Fletcher's Role
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Sica | Fletcher served as exclusive strategic and financial advisor to CBG Benefits.
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CBG Benefits engaged Sica | Fletcher to explore multiple strategic options for the firm.
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The CBG Benefits transaction builds on Sica | Fletcher's track record of success across the Employee Benefits space.
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This transaction further highlights our strong relationships with top-tier investors, having previously worked with Risk Strategies on numerous deals.