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Third-party administrator York Risk Services Group Inc. has acquired Mineola, New York-based TPA Risk Management Planning Group.
A spokeswoman declined to disclose terms of the deal.
RMPG provides claims and risk management services for workers compensation accounts, as well as a disability benefits insurance program, Parsippany, New Jersey-based York said in a statement.
“York has a solid presence in the commercial risk management market and a leading position in the specific industries we target,” York President and CEO Rick Taketa said in the statement. “RMPG's focus on construction, health care, real estate and hospitality along with their strong presence in the New York marketplace, supports our vision to be the premier provider of customized solutions to specialty markets.”
York was acquired in October by Toronto-based private equity firm Onex Corp. for $1.325 billion.
Toronto-based private equity firm Onex Corp. has closed on a deal to acquire third-party administrator York Risk Services Group Inc. for $1.325 billion, York said in a statement.