Alliant Resources Group, Inc. (Alliant) has acquired Maryland-based Franey, Parr & Muha, Inc. (FPM) and Colonial Healthcare, Inc. (CHC).
Headquartered in Lanham, Md., with offices in Chantilly, Va., FPM was founded in 1973 by Bill Franey. FPM is a full-service property and casualty agency focusing on commercial package, property, liability, surety, professional liability and workers’ compensation coverage. FPM’s customer base covers a broad range of commercial clients consisting primarily of small to medium-sized businesses in Virginia, Maryland and the District of Columbia.
FPM also has a worldwide program serving the conservation community. The agency provides risk management and consulting services to clients, and places insurance with leading carriers in the standard and non-standard markets.
CHC, with offices in Maryland and Pennsylvania, is an FPM affiliate specializing in self-funded health insurance programs and employee administrative services for private and public employers. CHC’s full range of administrative services includes claims adjudication, member and provider services, and enrollment and information management services to provider organizations that offer health care coverage directly to employer groups.
CHC also designs and implements self-funded and alternative market workers’ compensation and integrated disability programs.
“The FPM and CHC acquisitions provide a mid-Atlantic platform to build an expanded presence in a geographic area that is important to Alliant’s long-term growth and acquisition strategy. It also brings further diversification of products and services to our existing operations,” said Alliant’s founder and CEO, John Addeo.
FPM and CHC will continue operating as autonomous companies headed by Bill Franey, John Muha and the current management teams.
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