Hylant Expands in Elkhart, Acquires Cobalt Benefits
(photo courtesy of Hylant Group Inc.)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowOhio-based insurance brokerage Hylant has acquired Cobalt Benefits Inc. in Bristol. The firm says the acquisition will expand its employee benefits services in the Elkhart, Mishawaka and South Bend communities.
Financial terms of the deal were not disclosed.
“I’m very excited to become a part of the Hylant family,” said Mary Whitt, owner and president of Cobalt Benefits. “Providing one-of-a-kind services to the Elkhart community has been a crux of Cobalt Benefits’ foundation. Joining Hylant will allow us to continue to provide that personal service with a deeper pocket of resources.”
Cobalt Benefits specializes in self-funding and partial self-funding, along with traditional medical, dental, vision, life and disability brokerage services. By joining Hylant, Cobalt’s services are expanded to include property and casualty, M&A, captive solutions, cybersecurity solutions, and personal insurance.
“We are committed to providing the best service to our clients and supporting the communities where we live and work,” said Clay Jennings, regional partnership leader for Hylant Indiana. “We are impressed with the caliber of service Cobalt has provided clients, and we are excited to strengthen the pool of talent who can apply their expertise to provide insurance and business solutions facing organizations in the Elkhart, Mishawaka and South Bend communities.”
Last week, Hylant announced plans to expand its Indiana footprint by adding 100 employees. The firm operates offices in Indianapolis, Fort Wayne and Bloomington.