The Plexus Groupe acquires Caba Inc.

DEER PARK - The Plexus Groupe LLC, a privately held national insurance brokerage and risk management consultancy, announced today it has acquired Caba Inc., an Oklahoma City-based employee benefits consultancy and administration services firm offering differentiated, value-added solutions for its clients.

Terms of the acquisition were not announced.

Founded over 30 years ago by Chief Executive Officer Cher A. Bumps, Caba manages members within employee-sponsored benefit plans in all 50 states and has a multistate client base. Included in the transaction is the Caba Employee Assistance Program. Caba will be rebranded as Plexus.

"Caba's client-centric focus and innovative solutions make it a perfect fit for us. The acquisition increases our presence and footprint in Oklahoma while expanding our service offerings to include EAP and third-party administration services." said Walter R. Fawcett III, Plexus founder and CEO.

The acquisition further bolsters Plexus's strong employee benefits practice. In 2015, Employee Benefit Adviser recognized Plexus as a Top 50 U.S. Large-Group Employee Benefits Brokerage.

"We are excited to be joining The Plexus Groupe," Bumps said. "Relationships, personal service, innovation and creativity have always been Caba's hallmarks. I believe employers will find tremendous value in the resources and solutions brought to the marketplace by the combined Caba and Plexus teams."