Today’s edition of WorkCompRecap features the first bit of M&A news for 2013, even though the deal closed before the close of 2012, as MCMC LLC has announced their strategic investment into CompPartners through acquisition of the founders stock.
CompPartners’ senior management team will maintain executive roles and management of business, with MCMC’s suite of products and services to become available to CompPartners’ clients. MCMC noted that they are working on increasing their west coast market presence, and intend to expand upon the existing (primarily California) account base, leveraging CompPartners’ service and management team.
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(Hat-tip to Joe Paduda!)