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May 19, 2016

Glastonbury M&A consultants acquired by Missouri insurance broker

A Glastonbury consultancy with expertise in international mergers and acquisitions has been acquired by the world's largest privately held insurance broker.

Lockton, a Kansas City, Mo.-based broker with 6,000 employees around the world, has acquired Outland Consultants, which has a longtime partnership with Lockton. No financial details were disclosed.

Since 1998, Outland Consultants has helped international companies assess and manage employee benefit costs and risks associated with an acquisition, through due diligence analyses, transition and integration support and benefit harmonization.

"While Lockton already has a robust US-focused Private Equity and Corporate Acquisitions Practice, we have typically turned to Outland Consultants for assistance with international mergers and acquisitions,” Ross Reda, chief operating officer of Lockton Benefit Group, said in a statement.

As a Lockton company, Outland Consultants and its seven associates will continue their work in Glastonbury. Keith J. Goodell will remain Outland Consultant's managing director and consulting actuary.

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