Pre-Acquisition Services

  • During a 5-year planned roll-up, Chernoff Diamond performed ongoing benefits design, cost, compliance and actuarial analysis on eight companies.
  • Each successive transaction presented unique issues including underfunded multiemployer pension funds, Affordable Care Act risk and non-conforming benefit structures.
  • Chernoff Diamond determined exposure and developed solutions to facilitate deal completion.

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Post-Close Transition & Integration Services

  • Developed and implemented a flexible market-focused program for medical, welfare and retirement plans with an accommodative HRIS infrastructure to facilitate onboarding of new employee populations having diverse expectations and limited to no HR support.
  • Eight separate portfolio company plans were fully integrated, producing more than $3.5 million in aggregate savings.
  • The results were increased employee satisfaction and a meaningful increase to the bottom line that will produce greater future sale value.