Consulting firm Towers Watson & Co. has acquired Aliquant Corp., a health and welfare benefits outsourcing firm.
Services provided by Milford, Connecticut-based Aliquant include employee call centers, flexible spending account and COBRA administration. The company, which was founded in 1985, generated $32 million in revenue in fiscal 2010, has more than 200 employees and more than about 75 clients, with workforces ranging from 1,000 to 100,000 employees, according to a Towers Watson news release.
Terms of the deal were not disclosed. New York-based Towers Watson said the deal closed Dec. 31, 2010.