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Glastonbury consulting firm acquires NY business

A Glastonbury-based consulting firm that administers retirement plans and benefits, USI Consulting Group, has acquired Burke Group, which is headquartered in Rochester, New York.

Burke is a regional advisory services firm that specializes in retirement plan consulting and administration, actuarial services and compensation consulting.

USI will not acquire Burke’s compensation consulting business, and Burke has agreed to exit the business once the acquisition is completed.

Terms of the transaction, which USI announced Tuesday, were not disclosed.

USI, which has offices across the country, is an affiliate of USI Securities Inc. and USI Advisors Inc., and a wholly owned subsidiary of USI Insurance Services.

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