NEW YORK—Consulting firm Towers Watson & Co. announced Monday that it has signed a definitive agreement to acquire Aliquant, a health and welfare benefits outsourcing firm.
Services provided by Milford, Conn.-based Aliquant include employee call centers, flexible spending account and COBRA administration. The company, which was founded in 1985, generated $32 million in revenues in fiscal 2010, has more than 200 employees and more than about 75 clients, with workforces ranging from 1,000 to 100,000 employees, according to a Towers Watson statement.
Terms of the deal were not disclosed. New York-based Towers Watson said it expects the transaction to close before the end of the year.
Source:-http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20101220/NEWS/101229992
