Allegiance Capital Facilitates the Sale of Assets for a Leader in Supplemental Benefits and Deferred Compensation Programs for Nation’s Leading Healthcare Providers

Allegiance Capital Corporation facilitates the sale of the assets of Stratford 360, a leader in developing supplemental benefits and deferred compensation programs for the nation’s leading healthcare providers.

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Stratford 360 logo

“We are excited to bring our high-quality work and innovative solutions to the Aon family" - Drew Erra, Stratford 360’s Executive Vice President.

Dallas, TX (PRWEB) December 24, 2013

Allegiance Capital Corporation facilitates the sale of assets of a leader in developing supplemental benefits and deferred compensation programs for nation’s leading healthcare providers.

Stratford 360, an affiliate of Clark & Wamberg, LLC, sold certain assets to a subsidiary of Aon plc.

Allegiance Capital Corporation, a Dallas-based private M&A investment bank that specializes in middle market transactions, announced today that it successfully facilitated an asset sale transaction on behalf of its client, Stratford 360, to a subsidiary of Aon plc, the leading global provider of risk management and human resources consulting and outsourcing. Allegiance Capital Corporation acted as the exclusive financial advisor to Stratford 360. Financial terms of the acquisition were not disclosed.

Headquartered in Minneapolis, MN, Stratford 360, an affiliate of Clark & Wamberg, LLC, is a leading provider of customized executive and physician supplemented benefit and deferred compensation plan design, brokerage and administrative services. The Stratford 360 team caters exclusively to hospitals, clinics and other health care organizations.

The company will become part of Aon’s Executive Benefits group within the Health & Benefits practice. The acquisition increases Aon’s presence to more than 350 providers across the country, and strengthens Aon’s ability to deliver differentiated benefits solutions to professionals in the rapidly evolving health care industry.

“Founded 40 years ago, Stratford 360 has a long-standing reputation for service excellence and thought leadership,” said Mr. Drew Erra, Stratford 360’s Executive Vice President. “We are excited to bring our high-quality work and innovative solutions to the Aon family.”

John Zern, Executive Vice President and U.S. Health & Benefits practice director at Aon Hewitt added, “We welcome Stratford 360 to the Aon team. They will further expand our benefits design capabilities, which will deliver an unparalleled level of expertise, experience and innovation to clients in the primary service areas of physician and executive disability, life insurance and non-qualified retirement plans.”

Stratford 360 is an affiliate of Clark & Wamberg, LLC, a company with a 40-year history of serving the needs of health care and corporate clients with insurance brokerage and consulting services.
“Allegiance Capital did an excellent job of managing the entire sales process,” said Tom Wamberg, President and CEO of Stratford 360. “I have sold several companies and worked with many investment banks. Allegiance Capital’s outstanding ability to understand our goals, and use their marketing and deal management skills to execute the transaction sets them apart from others I have worked with.”

Jim Derks and Patrick Keavy of Allegiance Capital Corporation managed the Stratford 360/Aon transaction. Allegiance Capital Corporation is currently involved in several engagements with other healthcare companies. To view a list of current engagements, visit http://www.AllCapCorp.com. For information on how to sell a business, call 214-217-7750.

About Stratford 360
Stratford 360 (or the “Company”) is a leading provider of customized supplemental benefit and deferred compensation plan design, consulting, and administrative services, catering exclusively to hospitals, clinics, and other healthcare organizations. The Company’s core competency is designing, implementing, and administering plans that better enable healthcare organizations to attract, retain, and reward highly-compensated medical professionals. Stratford 360’s offerings provide executive and physician participants with enhanced long-term financial security through various plans, including: (i) individual disability insurance (“IDI”); (ii) long-term care insurance (“LTC”); (iii) life insurance; (iv) supplemental executive retirement plans (“SERPs”); (v) other non-qualified retirement vehicles; and (vi) deferred compensation plans.
About Aon

Aon plc, is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 65,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit http://www.aon.com for more information on Aon and http://www.aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United.

About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the lower middle market. Allegiance Capital Corporation was recently named to American City Business Journal’s distinguished list of Who’s Who in Energy 2013, in addition to being named third on the list of 2011 Largest Investment Banking Firms in North Texas by the Dallas Business Journal. Allegiance Capital Corporation has won multiple awards in recognition of the value it delivers to clients, including 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), and 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Allegiance Capital Ideas blog by visiting http://www.allcapcorp.com/blog. Follow Allegiance Capital Corporation on LinkedIn and Twitter: @ALLCAP.

Media Contact:
Bruce Condit
Vice President Public Relations Allegiance Capital Corporation 214-217-7746
bcondit(at)allcapcorp(dot)com

Alternate Contact:
Jim Derks
Managing Director
Allegiance Capital Corporation
612-455-4557
jderks(at)allcapcorp(dot)com


Contact

  • Bruce Condit
    Allegiance Capital Corporation
    +1 (214) 217-7746
    Email
  • Jim Derks
    Allegiance Capital Corporation
    612-455-4557
    Email

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