Plexus Groupe in Deer Park acquires HR services firm
The Plexus Groupe LLC, a privately held national insurance brokerage and risk management consulting firm with its own international network, announced today it acquired Benefitdecisions Inc., a Chicago-based employee benefit consulting and human resource services firm.
Founded in 2001 by CEO Mark Matuscak, Benefitdecisions offers global solutions in benefits administration and enrollment, corporate wellness, employee benefits brokerage/consulting and human resource consulting. Benefitdecisions will be re-branded and operate as Plexus.
"Benefitdecisions provides us HR consulting and outsourcing capabilities that are highly complementary to our current employee benefits services," said Walter R. Fawcett III, founder and CEO of The Plexus Groupe in Deer Park. "HR consulting and outsourcing represent promising growth opportunities for our business, and we are well-positioned to take advantage of this trend with the addition of an established market leader like Benefitdecisions. In addition, the merger will provide us an expanded Chicago presence to build upon our client-service platform. Also, I'm excited to have Mark Matuscak join Plexus as a partner."
Celebrating more than a quarter-century of client service, The Plexus Groupe also offers expertise in property and casualty insurance, corporate retirement planning, mergers & acquisitions and technology services. In 2015, Plexus was recognized as a Top 50 U.S. Large-Group Employee Benefits Brokerage by Employee Benefit Adviser. Also, for six years running, the firm has earned Best Places to Work in Insurance honors from Business Insurance magazine.
"Our clients -- and many other companies -- seek to partner with professional services firms who can provide integrated services across a platform of benefits, HR, and commercial risks," Matuscak said. "This merger creates this platform. We are really excited with the opportunities that we gain by joining The Plexus Groupe, and the combination of capabilities and services uniquely positions Plexus as a market leader. The synergies are enormous, our shared client-centric focus is incredibly aligned, and culturally, there isn't a better fit. It's a home run."
In addition to its two Chicagoland locations, The Plexus Groupe has offices in Dallas and Oklahoma City, and the company's global network gives clients access to brokerage expertise in 130 countries worldwide.