Baker Tilly Capital successfully completed the sale of the health and welfare segment of Baker Tilly Employee Benefits, LLC, to Cottingham & Butler, a leading professional insurance firm headquartered in Dubuque, IA.
The firm's decision to transition the employee benefits was based on changes in the healthcare industry and the requirement to meet the growing needs of its clients. Finding the right solution - one that offered career growth opportunities for its current employee benefits associates, as well as a complete line of products, services and specialized consulting services for its clients - was of the utmost importance to Baker Tilly.
"Our Employee Benefits leaders were involved in the decision-making process, choosing Cottingham & Butler as the ideal partner. Their integrity and solid reputation is clearly in alignment with our business model, and we know that our clients will benefit from a comprehensive approach to their employee benefits needs," according to Steve Parish, Baker Tilly.
"Baker Tilly Capital played a vital role during this sensitive transaction, from financial due diligence to price negotiations and employee contracts. We set out to find a solution that not only provided market value, but one that offered significant growth potential for our current Employee Benefit employees and our clients. Baker Tilly Capital delivered the best possible outcome in a very timely manner." – Tim Christen, CEO, Baker Tilly