CBP has acquired Beacon Financial Group and purchased a majority interest in Beacon Retiree Benefits Group, both based in Plantsville section of Southington.
The deal adds Medicare brokerage and administration, as well as other offerings, to CBP’s portfolio.
And for Beacon Financial and Beacon Retiree — sister companies run, respectively, by husband-and-wife team David Caslin and Darcy Caslin — the deal offers a chance to tap a deeper pool of resources at a larger brokerage, and to centralize some financial and administrative functions, Darcy Caslin said Wednesday.
She said she and her husband have been looking for several years to do a deal like this, but hadn’t found the right company to partner with until now.
“We’re a small company, and you’re wearing every hat,” Caslin said. “I go from being the finance person to the IT person to the HR person. It becomes difficult to grow the business.”
The two Beacon businesses have just over a dozen employees between them.
Caslin said the deal won’t change client relationships, and if anything, could mean more options for customers.
Terms of the deal were not disclosed.
Correction: The original version of this story incorrectly stated that CBP had a Plantsville office. It also gave an incorrect location for Beacon Financial’s offices.
