NEWS RELEASE

Horizon Actuarial Services Combines with Crews MacQuarrie & Associates

Combination will build stronger presence throughout the United States

Atlanta, GA. April 4, 2018 — Horizon Actuarial Services, LLC (Horizon Actuarial) today announced it is combining with Crews MacQuarrie & Associates, Inc. (CMA). Both firms provide actuarial and consulting services to multiemployer plans.

The transaction is scheduled to close on July 1, 2018, at which time the shareholders and other professionals of CMA will officially become part of Horizon Actuarial.  The combined firm will be called Horizon Actuarial Services, LLC.

Horizon Actuarial will now have outstanding depth of actuarial and consulting resources for both pension and health and welfare plans on both the east and west coasts, serving clients throughout the U.S.


“Both firms have a stellar reputation for providing outstanding service,” said Stan Goldfarb, Managing Consultant, Actuary, and co-founder of Horizon Actuarial. “This combination is a very good match. It will help strengthen the services we deliver to our clients and give both firms expanded reach in new geographic areas.”

The combination adds three offices and represents approximately a 20% increase in associates for Horizon Actuarial. Both firms have strong reputations in the multiemployer community of high quality work and exceptionally talented teams of associates.

The principals of CMA approached Horizon Actuarial three years ago about the potential for a combination. “We believed then, as we do now, this combination is in the best interest of our valued employees and the clients we serve,” said Gerry Crews, Principal of CMA. “We never considered any firm other than Horizon Actuarial because of its reputation and our solid belief that both firms possess an uncompromising commitment to our associates and our clients.”


About Horizon Actuarial Services

Horizon Actuarial Services, LLC is a leading consulting firm that specializes in providing innovative solutions to multiemployer benefit plans. The firm proudly serves pension and health and welfare plans in various industries, including construction, trucking, professional sports, hospitality, entertainment, retail food, and communication.

Horizon Actuarial was created in October of 2007, when Watson Wyatt Worldwide, a leading multinational consulting firm, announced that it was exiting the multiemployer and Taft-Hartley plan consulting business. Watson Wyatt spun off its multiemployer business to a new company – Horizon Actuarial Services, LLC. Three Watson Wyatt pension actuaries, Stan Goldfarb, Larry Weitzner, and Cary Franklin, were the founding owners of the new firm. The firm’s three principal offices are in Atlanta, Los Angeles, and Washington, D.C.

 

About Crews MacQuarrie & Associates

Crews MacQuarrie & Associates, Inc. provides consulting and actuarial services to multiemployer benefit plans in the retail food, wholesale food, commercial real estate, hotel, gaming, technology, and soft drink industries.

Headquartered in Irvine, California, Crews MacQuarrie & Associates (CMA) was formed in 2002 by consultant Gerald Crews and consulting actuary Wade MacQuarrie.

 

Contact: Mark Lewis, COO/CFO | Horizon Actuarial | 678.317.4126 | mark.lewis@horizonactuarial.com