JTS Financial of Little Rock said Thursday that it acquired controlling interest in Your Benefits Agency Inc. of Little Rock, which does business as Educational Benefits, or EBi, and provides insurance to the state education sector, including school districts.
The companies said Educational Benefits will continue serving clients in Arkansas and operating as EBi. Kim Tidwell, who has been EBi's senior account executive, has been promoted to director for EBi.
Financial terms of the deal were not disclosed.
The companies said EBi contracted with JTS Financial in August to integrate JTS' benefits administration platform.
"After operating under the management agreement, it was clear that joining forces would be beneficial for both organizations and, most importantly, our customers throughout the state and region," John Starling, JTS' president and CEO, said in a news release.
Tidwell said that pairing EBi's experienced team with JTS' technologies and administrative services "will create the best possible customer and administrative experience for school districts throughout Arkansas and beyond."
An employee benefits consulting firm, JTS Financial has offices in Little Rock, Fayetteville, Jonesboro and Russellville. Your Benefits Agency Inc. has worked in Arkansas' education sector for more than 30 years.