TEGRA Financial Partners, a subsidiary of Atlanta's Habif, Arogeti & Wynne LLP, announced that it has acquired pension-consulting firm Olson & Swenson Inc.

Financial terms of the deal were not disclosed.

Olson & Swenson, also based in Atlanta, is a full-service actuarial and pension consulting firm. TEGRA will now oversee the firm's approximately 750 qualified retirement plans, making it one of the largest pension-consulting firms in the state. It will administer a wide variety of plans, including defined benefit pension plans, profit sharing plans (including cross-tested plans), 401(k) plans and employee stock ownership plans among others.

"We are excited to work with the partners and professionals of Olson & Swenson because of their sterling reputation and the fact we have a similar mix of business," said TEGRA managing director and HA&W partner Nick Bhandari, in a statement. "Our growing team will provide the best tools and advice possible to build the future of our clients."

Bhandari said that the merger will provide the current Olson & Swenson clients with a wider range of services designed to enhance their retirement plans.

Habif, Arogeti & Wynne was ranked No. 84 on Accounting Today's 2006 list of the Top 100 Firms, with revenues of $28 million.

Previously on WebCPA:

Court Rules for IBM in Pension Case (Aug. 10, 2006)

Much More Than Pension Reform in Law (Aug. 9, 2006)

Senate Passes Pension Reform, Passes on Estate Tax (Aug. 7, 2006)

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