Privately held insurance broker Palmer & Cay, LLC has broadened its service capabilities with the acquisition of Atlanta-based Millennium Benefits Consulting, announced Jack Cay, Palmer & Cay’s president and CEO. To formalize its benefit consulting operations, the firm has formed Palmer & Cay Benefits to serve as a distinct unit of the growing Palmer & Cay organization.  Terms of the transaction were not disclosed.

Established in 1998, Millennium Benefits Consulting specializes in health and welfare plan consulting for middle market to large corporate clients throughout the Southeast.  Key specialties of the firm include benefit strategy development, benefit plan financial analysis and management, benefit administration outsourcing, benefit advocacy, employee communications and workplace wellness programs. 

Joining Palmer & Cay as partners are Millennium co-founders Angie Marchant and Keith Tallmadge.  Ms. Marchant brings more than 30 years of employee benefit experience to her new position with Palmer & Cay while Mr. Tallmadge brings more than 30 years of financial management and benefits consulting experience to the firm.  The two professionals will take the lead in the growth and development of Palmer & Cay Benefits.

According to Palmer & Cay’s President and CEO Jack Cay, combining the two firms was a logical step in each firm’s evolution.  “We’re immensely pleased with the Millennium team’s decision to join Palmer & Cay.  Our two firms have worked together for a number of years and our approach to client service, strategic growth and employee recruiting and retention is virtually identical.  Our two corporate cultures are perfectly aligned and the Millennium executive team’s deep technical expertise will provide a strong foundation for expanding our portfolio of consulting and support services in the employee benefits arena,” noted Cay.

Both Marchant and Tallmadge hold similar perspectives on the event.  “We are ecstatic to join forces with Palmer & Cay.  Being part of a full-service brokerage agency has been one of our long term goals and with Palmer & Cay, the fit is authentic and natural – our vision, mission and values are in lock step.  We are eager to contribute to building the best client service firm in the insurance industry,” agreed both executives. 

Established in 1868, Palmer & Cay recently expanded its footprint to include offices in New York City and Charlotte, North Carolina, in addition to existing offices in Atlanta, Savannah, Charleston and Watchung, New Jersey.

Palmer & Cay is a specialty brokerage firm providing insurance, risk management and employee benefit consulting services to middle market and large corporate clients throughout the United States, including clients with international operations. The firm specializes in niche industry sectors requiring intensive service and highly technical insurance and risk management knowledge. The firm has gained a reputation for excelling in a range of industries, including private equity, construction and social services.

With the addition of the Millennium team, Palmer & Cay’s expertise is expanding to include benefit and human resource strategy development, benefit plan financial analysis and management, benefit administration outsourcing, benefit advocacy (employers and employees), employee communications, workplace wellness programs.

Palmer & Cay’s newest office is located at 990 Hammond Drive, Suite 600 in Sandy Springs, GA 30328.  Angie Marchant can be reached at 678-805-3501 and [email protected].  Keith Tallmadge can be reached at 678-805-3504 and [email protected].