Accretive Announces Acquisition of Platinum Worksite Benefits

Platinum Worksite Benefits is based in Hopkinton

Niche-focused specialty and wholesale provider Accretive Insurance Solutions has added a Massachusetts agency to its growing family of companies. The Florida-based company announced that it has welcomed Platinum Worksite Benefits Insurance Agency, Inc. of Hopkinton, MA. According to the terms of the transaction, Platinum Worksite Benefits Insurance Agency will remain under its current operational leadership of John Gray.

Platinum Worksite Benefits has a 20-year reputation of providing superior benefits communication strategies to employers, helping to maximize the value of benefits offered to their employees.

In commenting on the acquisition, Sean Smith, CEO of Accretive, stated, “We are excited that the Platinum Worksite Benefits team has joined us. They are experts in the employee benefits industry and bring with them a level of customer service and customization that aligns perfectly with our values at Accretive.”

“Communications and education of voluntary benefits offerings, and other benefits-related information, is critical to recruitment and retention efforts for our clients,” added David Wetzler, Executive Vice President, Employee Benefits at Accretive. “Platinum Worksite Benefits is an incredibly valuable addition to the Accretive offering and will certainly positively impact Accretive firm customers.”

John Gray, President of Platinum Worksite Benefits, also offered his thoughts on the sale, stating that, “We are excited about this next chapter in our firm’s history. Joining Accretive opens up more markets to our team and allows us to positively impact a broader base of clients across the country.”

Since its inception, Platinum Worksite Benefits has provided voluntary benefits and an array of supplemental offerings, including flex plan communications and group insurance beneficiary collections. These types of benefits offerings are valuable recruitment and retention tools for employers, which can be added to a benefits program at little or no cost to the employer.