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A benefits firm in Sarasota announced an acquisition that is expected to grow the business 20%.
Benefits and Planning Inc., which does business as Professional Benefits, will officially acquire Sarasota-based Lisa M. Parker Insurance Inc. on Oct. 1. Through the acquisition, Parker, the founder, is able to retire after 30 years in the insurance business, according to a statement.
Taylor Collins, owner of Professional Benefits, declined to disclose the financial details of the acquisition, but notes it will grow the firm's revenue by 20%. Both businesses specialize in small group benefits and individual executive benefit planning, the press release states.
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