Queen Saenz + Schutz PLLC represented Austin-based Fringe Benefit Group (FBG) in connection with its acquisition of Century Healthcare, LLC (Century). The transaction closed on April 15, 2019. Transaction terms were not disclosed.
Century is based in North Texas and specializes in customized medical plans for employers. The strategic acquisition will double FBG’s limited benefit medical plan premium, bringing it to roughly $100 million. As part of the firm’s role in the transaction, QS+S also advised on a new senior credit facility with Bank of America to finance the acquisition and support FBG’s growth.
More information on FBG, Century and the transaction may be found here.