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Warner Pacific Parent Company Completes Acquisition Of Foster Benefit Resources

Aug 02, 2023•about 2 years ago

Acquiring Company

Warner Pacific

Acquired Company

Foster Benefit Resources

Westlake VillageSoftwareFinancial ServicesEmployee Benefits

Description

NR West, the parent company of The Insurance Exchange, a premier Dallas-based General Agency, today announced that it has completed its acquisition of Foster Benefit Resources, a full-service General Agency specializing in fully insured and self-funded employee benefits in the North Texas area.

Company Information

Company

Warner Pacific

Location

Westlake Village, California, United States

About

Warner Pacific is a nationally recognized General (GA) and consulting partner, dedicated to empowering brokers across the United States. With over $10 billion in in-force premiums, servicing more than 80,000 in-force groups, and a team of 560+ professionals, Warner Pacific delivers unparalleled support and expertise. For over 40 years, Warner Pacific has provided comprehensive employee benefits solutions, compliance assistance, HR resources, and cutting-edge technology to insurance brokers and agents in California, Colorado, Illinois, Iowa, New York, Ohio, Oklahoma, Texas, Florida, and Minnesota. As a top-producing GA for many of the nation’s largest insurance carriers, Warner Pacific has forged strategic partnerships with over 180 carriers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed