Home Banking & Finance CBP expands with a pair of investments

CBP expands with a pair of investments


Stamford-based CBP, a privately owned benefits consulting firm founded in 1996, has acquired Beacon Financial Group, which specializes in employee group benefits plans, and has purchased a majority interest in Beacon Retiree Benefits Group, which services the Medicare and retiree benefits segments.

Both BRBG and BFG have addressed the needs of private and public sector employers since 1999.

“As economic forces continue to shift and shape the market, we see increasing opportunity to help companies with products and services that resonate throughout their workforce,” said Gary Piantedosi, founder of CBP. “The addition of two world-class companies like BFG and BRBG bolsters our portfolio, gives us a little more clout and supports our mission of putting clients first. Our shared visions will make for a seamless transition.”

“With the dynamics of our industry and its legislative forces becoming more and more challenging, we needed additional resources to ensure that our clients could continue receiving the creative and proactive guidance they deserve and have come to expect over many years,” offered David Caslin, president of BFG. “CBP is a breath of fresh air and we are very excited about our future together.”

The remaining BFG employees will continue to operate out of the Plantsville office along with the BRBG staff.

“Our commitment to our customers is the bedrock of our company,” said Darcy Caslin, president of BRBG. “Joining CBP gives us the additional support and resources we need to enhance the client experience. Their leadership team has created a dynamic platform unlike anything we’ve seen in the industry and has a strong track record of success. We look forward to the tremendous opportunities that will surely come from this new association.”

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