Insurance broker Cook Maran & Associates has purchased Rosenthal Insurance Group for an undisclosed sum.
New Jersey-based Rosenthal Insurance operates as an employee benefits provider. The company advises businesses on cost-effective insurance solutions for employers and plan administrators.
Rosenthal staff will relocate to Cook Maran’s Fair Lawn, New Jersey office. The deal is expected to broaden Rosenthal’s offering of Prime Risk Partners (PRP).
Cook Maran chairman and CEO Len Scioscia said: “Under the leadership of Rick Rosenthal, Rosenthal Insurance has provided customized employee benefits and financial services to employers of all size in New Jersey.
“Their focus on innovative client services, directed at controlling employee benefits costs since 1977 makes them a perfect fit for us. We are proud to welcome Rick and his talented team to Cook Maran and PRP.”
Scioscia added that the takeover of Rosenthal continues to boost Cook Maran’s portfolio in the critical area of employee benefits.
“Given the rapidly changing employee benefits market, we are in a stronger position to help businesses stay in compliance, avoid fines and provide quality, cost-effective benefits for their employees,” Scioscia noted.
Cook Maran has a workforce of 250 employees working in eight offices in New York and New Jersey.