July 13, 2005
Media Contact: Brian Bair
Crawford Advisors, LLC
(For Immediate Release)
CRAWFORD ADVISORS, LLC ACQUIRES RISK MANAGEMENT GROUP, INC.
Respected Insurance Brokerage & Risk Management Firm Expands Presence in the
HUNT VALLEY, MARYLAND – Crawford Advisors, LLC announced today it has
merged with WAYNE, PENNSYLVANIA-based Risk Management Group, Inc. (RMGI).
RMGI is an insurance consulting and brokerage practice specializing in the design,
implementation, and ongoing administration of employee benefit plans, including
corporate-sponsored retirement plans. This merger brings human capital consulting
services and best-in-class Lost Time Management Strategies that boost Crawford
Advisors, LLC’s suite of offerings, as well as significantly broadening access to
insurance markets for both firms. “We are very excited about the opportunity to enhance
our operation with the skills that RMGI brings to the table. We are also excited about
extending our suite of administrative, compliance, communication, and predictive
modeling tools to the RMGI client base. We are looking forward to being associated with
a firm with such a sterling reputation,” said Reagan Crawford, Crawford Advisors, LLC’s
RMGI’s clients include national organizations of all sizes and represent a broad range of
industries including those in health care, manufacturing, financial, retail and technology.
RMGI’s principals include leaders in corporate industry as well as recognized experts in
the field of benefits and human resource management.
Mystic Capital Advisors Group, LLC provided acquisition advisory services to Crawford
Advisors for the transaction.
Incorporated in 1985, RMGI is an independent consulting firm dedicated to providing
comprehensive and cost-effective employee benefits and human capital consulting
services. During the past twenty years, the firm has maintained a leading position in
benefit plan design, employee communications, and benefit management technology.
“The merger with Crawford will afford us the ability to introduce new, “state-of-the-art”,
internet-based solutions to save employers time and expense,” said Don Barbuto,
President of RMGI.
RMGI’s Chairman & CEO Jerry Adair, President Don Barbuto, and the company’s seven
employees will join and strengthen Crawford Advisors, LLC’s team.
About Crawford Advisors, LLC
In 1976, Reagan M. Crawford envisioned a company that would act as an advocate on
behalf of employers in negotiating group benefit plans, and thus formed Crawford, Slevin
& Hicks, Inc. During the ensuing 28 years, Crawford, Slevin & Hicks, Inc. grew from 2
to 120 employees with revenues in excess of $16 million and $750 million in claims
management. In November of 2001, the assets of Crawford, Slevin & Hicks, Inc. were
acquired by Wachovia Corporation, further enhancing the ability to offer additional
products and services. In March of 2004, Crawford Advisors, LLC acquired the assets of
the Sparks, Maryland Wachovia Insurance Services facility.