Ascensus to Acquire INTAC Actuarial Services
announced July 3 that it is acquiring INTAC Actuarial Services, Inc. (INTAC). The New Jersey-based TPA will become part of Ascensus’ expanding TPA Solutions Division
INTAC, based in Ridgewood, NJ, works with approximately 3,000 small to mid-sized plans, as well as business owners, key executives and employees.
“Geographically speaking, the tri-state and greater Delaware areas are important market expansion opportunities for our TPA Solutions division,” says Raghav Nandagopal, Ascensus' executive vice president of corporate development and M&A. “With its strong historical growth, successful long-term track record, and associate-focused culture, INTAC is an ideal business to help Ascensus achieve its immediate and long-term growth plans.”
This is the latest in a series of acquisitions by Ascensus. Most recently, the firm announced June 28 that it was acquiring QBI, LLC
. Other acquisitions since the first of the year include Swerdlin & Company and SES Advisors
, ASPERIA, Benefit Planning Consultants and Qualified Plans LLC.