Patriot Growth Insurance Services, one of the country’s largest and fastest-growing national insurance agencies, has announced that it had acquired two Massachusetts-based independent employee benefits agencies: DMM Advisors and PFG Benefits. The partnership will work closely with Patriot’s FBinsure platform, expanding the company’s benefits expertise and capabilities throughout New England.
DMM is headquartered in Needham, Mass., and focuses on group health insurance. The firm also provides individual life, disability, and long-term care insurance, employee benefits coverage, benefits life cycle, and human capital management. DMM currently has eight employees including owning partners Mark Markell, Doug Hall and Michael Murray.
“Patriot offers us the opportunity to meaningfully accelerate our growth while maintaining our core values, identity and culture,” Markell said. “Our specific expertise, combined with FBinsure’s capabilities, will empower us to offer clients more products and services while continuing our highly responsive local service and support.”
PFG, also headquartered in Needham, provides a customized approach to managing group benefits and HR administration. The company designs, implements and manages client-focused benefit programs. PFG works primarily with groups between 50 and 1,000 employees. The company was founded in 2015.
“Patriot’s passion, energy and approach will enhance our innovative HR and benefits solutions,” said Tim Doherty, president of PFG. “We are thrilled to work with FBinsure and the rest of Patriot’s partners to deliver a comprehensive solution that suits the needs of our diverse client base.”
“Both DMM and PFG check every box that we look for in a partner,” said Matt Gardner, founder and CEO of Patriot. “The leadership team has a long runway, poised to continue to organically grow at an above-market rate and align with our partners culturally. We are beyond excited to expand our benefits expertise and capabilities throughout the New England region.”