Fort Myers retirement benefits firm closes California acquisition

Foster & Foster Consulting Actuaries, a health and welfare plan consulting firm based in Fort Myers, has acquired California-based Bartel Associates LLC.

Terms of the deal weren’t disclosed.

Bartel Associates has “provided quality and cost-effective actuarial consulting services to public agencies for the past 19 years,” according to a statement. Its core business is focused in performing Other Postemployment Benefits consulting. The acquisition “will enable Foster & Foster to broaden its OPEB consulting practice by expanding these services on behalf of a larger client base,” the release adds. Like Foster & Foster, Bartel also provides pension-consulting services to public entities, which are part of CalPERS, one of the largest public pension funds in the world.