BenefitMall Completes Acquisition of Colorado Group Services

February 3, 2004

BenefitMall, one of the nation’s leading broker services companies, announced that it has purchased the assets of Colorado Group Services (CGS), a full-service general agency that has served Colorado’s brokerage community for more than 15 years. As part of the acquisition, BenefitMall will also become a General Agency for Anthem, the Blue Cross and Blue Shield licensee in Colorado.

“We are constantly seeking out the best opportunities to grow BenefitMall’s business nationwide,” said Bernard DiFiore, president and CEO of BenefitMall. “Colorado Group Services’ reputation as one of the top agencies in the state will not only increase our market share in Colorado, it will give our brokers and carriers the strategic competitive advantage to provide superior products and services to their business clients.”

In addition, BenefitMall will retain all of CGS’ Denver-based employees, who will relocate to BenefitMall’s existing Denver office.

“Over the past two decades, CGS has evolved into one of the premier agencies in the state. We are very proud of the organization that we have created, the customers that we service, and the carrier partnerships we maintain,” said Lou Jones, CGS’ Owner and Principal. “We are very excited about the opportunity of joining BenefitMall’s team and believe the combination of the two companies will provide Colorado’s brokers with the best possible service and carrier options.”

Topics Mergers & Acquisitions Agencies Colorado

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