Texas-based Frost Insurance announced it will acquire Stone Partners Inc., a human resource consulting firm that specializes in compensation, benefits and outsourcing services, effective Jan. 1, 2012.
Stone Partners will operate as a division of Frost Insurance.
Originally established as J.E. Stone & Associates in 1987, Stone Partners was founded in 2000 to provide consulting services to employers and plan participants throughout the United States and the world.
It offers actuarial services, benefit administration, communications, compensation, managed payroll administration, health and welfare, human resources management and retirement services.
The company has 25 employees and offices in Houston, Dallas and Austin.
Frost Insurance is the insurance subsidiary of Frost, the banking, investment and insurance operation of Cullen/Frost Bankers Inc. Frost provides banking, investments and insurance services to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. It was founded in 1868.
Topics Mergers & Acquisitions
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