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Insurance broker expands Chicago footprint with benefits consultant buy

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Insurance broker The Plexus Groupe L.L.C. has acquired Chicago-based benefits consultant Benefitdecisions Inc.

Terms of the deal were not disclosed.

Benefitdecisions offers solutions in benefits administration and enrollment, corporate wellness, employee benefits brokerage/consulting and human resource consulting, Plexus, which has offices in Dallas and Deer Park, Illinois, said Friday in a statement.

Benefitdecisions will operate as Plexus. Benefitdecisions founder and CEO Mark Matuscak will join Plexus as a partner, according to the statement.

“Benefitdecisions provides us HR consulting and outsourcing capabilities that are highly complementary to our current employee benefits services,” Walter R. Fawcett III, Plexus founder and CEO, said in the statement. “HR consulting and outsourcing represent promising growth opportunities for our business, and we are well-positioned to take advantage of this trend with the addition of an established market leader like Benefitdecisions. In addition, the merger will provide us an expanded Chicago presence to build upon our client-service platform.”