Richards Group announces partnerships, merger
BRATTLEBORO — The Richards Group recently announced some new partnerships in the local insurance, retirement plan and employee benefits solutions market.
The Bourdon Insurance Agency has been acquired by The Richards Group, effective Oct. 1. The partnership is expected to benefit clients by ensuring that decisions and service remain local for years to come, while expanding client services and resources. The Bourdon staff will have a new office location at 94 Court Street in Middlebury.
"It means a lot to us that Sue Bourdon felt The Richards Group was the best fit to continue the excellent work that Bourdon Insurance has done over the decades," said Drew Richards, vice president of The Richards Group. "Their roots are as a Vermont based family business, just like ours at The Richards Group. We're excited to make this investment in Middlebury and to continue to serve this vibrant community."
"When we considered what firm was best for our clients, employees and the community, we knew The Richards Group was the right fit. The Richards Group is Vermont based and locally owned, and we have similar priorities and values," commented Sue Bourdon, president of Bourdon Insurance Agency. "Our clients will benefit from the new insurance markets and technologies that The Richards Group will make available, along with their employee benefit and retirement plan consulting expertise."
The Richards Group also announced an agreement to merge with IPG Employee Benefits, based in Keene, N.H.
"We're delighted to have Walter Rohr, John Round and their team join The Richards Group. IPG has an excellent team, strong client relationships and a terrific reputation," said Drew Richards. "We've had clients in Keene for years and have had considerable growth in Cheshire County over the past decade. We're thrilled to be part of the vibrant community in Keene and joining with IPG certainly deepens the commitment we've already made to the area."
"We (IPG) are excited to be combining with another family-owned and locally-based organization that values integrity, respect, and hard work," added John Round, president of IPG. "There is a natural fit between the two companies as we will immediately benefit from the resources and talent they have built in Vermont and they from our expertise and the personnel we have developed here in New Hampshire. Truly, our clients and the communities we will both continue to serve are the biggest winners in this merger."
The Richards Group will move its local employee benefits and insurance staff to IPG's Washington Street offices, as the firm continues to hire in Keene. IPG will begin operating under The Richards Group name right away.
The Richards Group, headquartered in Brattleboro, has provided local insurance, retirement plan and employee benefits solutions to clients throughout Vermont, New Hampshire and Massachusetts since 1867. The firm has more than 130 employees in 12 locations and was named one of the "Best Places to Work in Vermont" in each of the past four years by Vermont Business Magazine and the Vermont Chamber of Commerce. For more information about the firm, visit therichardsgrp.com.
TALK TO US
If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.