The firm announces its second acquisition this month and continues to grow in the Baltimore region.
BALTIMORE, MD – November 8, 2023 – RCM&D, one of the nation’s largest independent risk management, insurance and employee benefits firms and a founding partner of Unison Risk Advisors, has announced the acquisition of Employee Benefit Services of Maryland (EBS), the fastest growing employee benefits firm in the mid-Atlantic region. EBS is a Baltimore-based firm, founded in 2012, offering employee benefits services and innovative product offerings. EBS colleagues will continue to serve their clients offering the expanded resources of RCM&D including property & casualty, retirement plan services, life insurance, RCM&D’s Self-Insured Services Company (SISCO) and more.
“Since Unison Risk Advisors was established in December 2020, our goal has been to preserve and grow the independent advisory channel of the insurance distribution business” said Bob Cawley, Chief Executive Officer, RCM&D and President, Unison Risk Advisors. “We are excited to welcome Leo Gallagher, Ben Bohonowicz, Candice Slowik and their very talented team at EBS as we leverage each other’s strengths and expand our employee benefits capabilities.”
“We are thrilled to partner with RCM&D and share our innovative product offerings and carrier relationships with the team” shared Leo Gallagher, Managing Partner at EBS. “We are eager to learn and introduce RCM&D’s extensive brokerage and risk consulting services to our clients.”
Along with the acquisition, EBS’ leadership team will maintain their roles and work with RCM&D’s Tracie Canby, Division Director, Employee Benefits, for a combined Employee Benefits leadership team. “I look forward to collaborating with RCM&D and becoming an even stronger and more powerful employee benefits team together,” said Candice Slowik, Director of Operations at EBS.
“We are thrilled to welcome 34 new employees to RCM&D,” said Matt Kahn, President, RCM&D. “EBS has a passion for excellent client service and a collaborative company culture that we are excited to be a part of.”
Recent acquisition activity coupled with organic growth demands has seen RCM&D grow its staff by a third, adding over 100 new employees this year. Rapid growth is expected to continue with plans for continued expansion throughout the mid-Atlantic region. “We are eager to meet other independent brokerage firms near our local offices in Richmond, Virginia; Philadelphia, PA; and Washington DC; who are eager to maintain their independence and offer a wide array of services,” said Mark Sucoloski, M&A Director, RCM&D.
RCM&D, one of the founding partners of Unison Risk Advisors, headquartered in Towson, MD, is ranked among the top independent insurance advisory firms in the United States. Our specialized teams provide strategic solutions and consulting for risk management, insurance and employee benefits. Leveraging more than 135 years of experience and strong local, national and global reach, we partner with organizations to meet all of their business objectives.
About Employee Benefit Services of Maryland (EBS)
As employee benefits brokers, our core competency is to provide you access to medical, dental, vision, life, disability, and other insurance products. We help you navigate employee benefits through automated technologies that streamline and automate the process, such as integrated payroll, enrollment platforms, benefits administration, and Human Resource Information Systems. At Employee Benefit Services of Maryland (EBS), our business philosophy is to exceed client expectations in everything we do and hold ourselves accountable at every step. We embrace change and innovation and look for new ways to grow our organization and ourselves.
About Unison Risk Advisors
Unison Risk Advisors, a leading independent risk management, insurance and employee benefits firm was established in 2020 through the strategic merger of RCM&D and Oswald Companies. In June, 2023, NSI Insurance Group became the third partner of Unison Risk Advisors. Unison Risk Advisors represents one of the nation’s largest privately held and employee-owned, insurance brokerage and risk management firms. It ranks among the 40 largest brokerage firms and among the top 5 largest independently owned firms in the country.