Patriot Growth Insurance Services, one of the country’s largest and fastest-growing national insurance agencies, announced the acquisition of DMM Advisors and PFG Benefits, two Massachusetts-based independent employee benefits firms. The relationship will work closely with the Patriots’ FBinsure platform, allowing the company to grow its benefits expertise and capabilities across New England.
DMM is a group health insurance company based in Needham, Massachusetts. Individual life, disability, and long-term care insurance are also available, as well as employee benefits coverage, benefits life cycle management, and human capital management. Mark Markell, Doug Hall, and Michael Murray, the company’s owners, currently employ eight people.
“Patriot allows us to dramatically accelerate our expansion while remaining true to our core beliefs, identity, and culture,” Markell added. “Our specialised knowledge, paired with the capabilities of FBinsure, would enable us to provide new products and services to our clients while maintaining our excellent local service and support.”
PFG, based in Needham as well, offers a tailored approach to administering group benefits and HR administration. Client-focused benefit packages are designed, implemented, and managed by the firm. PFG primarily works with companies with 50 to 1,000 employees. The business was established in 2015.
PFG president Tim Doherty said, “Patriot’s enthusiasm, drive, and approach will boost our creative HR and benefits offerings.” “We’re excited to collaborate with FBinsure and the rest of Patriot’s partners to create a comprehensive solution that meets the needs of our diversified client base,” says the company.
“Both DMM and PFG check every box we seek for in a partner,” Patriot founder and CEO Matt Gardner stated. “The leadership team has a lengthy runway ahead of them, prepared to organically develop at a rate above the market and culturally align with our partners.” We’re ecstatic to be expanding our benefits expertise and skills across New England.”