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 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.
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