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foster-foster.com

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Investments

2

Portfolio Exits

1

About Foster & Foster

Foster & Foster is an independent national actuarial consulting firm that specializes in providing consulting services to public pension plans, public post-retirement medical plans, public and private active health plans, Taft-Hartley pension plans, Taft-Hartley post-retirement medical plans, and Taft-Hartley health plans.

Foster & Foster Headquarter Location

13420 Parker Commons Blvd. Suite 104

Fort Myers, Florida, 33912,

United States

239-433-5500

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Latest Foster & Foster News

Foster & Foster Completes Acquisitions of Pennsylvania-Based Beyer Barber Company and Michigan-Based Rodwan Company

Jan 13, 2021

Deal Continues to Expand Foster & Foster’s National Footprint January 13, 2021 09:00 AM Eastern Standard Time FORT MYERS, Fla.--( BUSINESS WIRE )--Foster & Foster Consulting Actuaries, Inc. a premier actuarial and health and welfare plan consulting firm based in Fort Myers, Florida, which represents nearly 1,000 public pension and health and welfare plans in the United States, announced today that it has completed its acquisitions of Beyer Barber Company, a top actuarial consulting firm headquartered in Allentown, Pennsylvania, as well as Rodwan Consulting Company, another prominent regional actuarial firm located in Royal Oak, Michigan. “These strategic acquisitions expand our footprint into Pennsylvania and Michigan and deepens the depth of our exceptional team of actuaries and health and welfare plan consultants, experienced in public-sector pensions and Taft-Hartley markets,” said Brad Heinrichs, Chief Executive Officer of Foster & Foster. “Nearly half of all public-sector pension systems in the United States are based in Pennsylvania and Michigan, so positioning ourselves in these key geographic regions will enhance our ability to significantly expand our client services. Our firm is deeply committed to preserving the solvency and success of public-sector health and welfare plans and Taft-Hartley plans across the country for many years to come. These recent acquisitions will bolster our efforts to achieve these long-term objectives.” Beyer Barber’s President, Randee Sekol said, “Merging with Foster & Foster will greatly benefit our clients by enhancing the resources and tools we currently provide. This merger will also grow our team substantially, which will enable us to execute a seamless succession plan in the future.” Sandra Rodwan, President of Rodwan Consulting Company said, “Foster & Foster is a highly reputable firm that shares our number one mission, which is to always put the interests of our clients first. We’re thrilled to join an outstanding team of actuaries and health and welfare plan consultants who share our passion for securing public pension and health and welfare plans on behalf of their beneficiaries.” Foster & Foster’s team of experts provide strategic guidance to a wide range of public sector organizations to help them forecast and navigate the economic perils of pension reform and other municipal cost-cutting measures that can have negative implications for millions of working men and women. About Foster & Foster Based in Fort Myers, Florida and founded in 1979, Foster & Foster provides actuarial pension and health consulting services to public, labor, not-for-profit and private organizations throughout the country. Foster & Foster seeks to maximize the benefits that can be afforded to police officers, electricians, fire fighters, painters, teachers, ironworkers, healthcare workers, carpenters, sanitation workers, teamsters, and other municipal, county, state and Taft-Hartley members across all trades. Like Beyer Barber and Rodwan, Foster & Foster’s client base consists of members who provide the essential services that communities around the United States depend on every day. For more information about Foster & Foster, please visit www.foster-foster.com

Foster & Foster Investments

2 Investments

Foster & Foster has made 2 investments. Their latest investment was in RenaMed Biologics as part of their Series C on June 6, 2004.

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Foster & Foster Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/24/2004

Series C

RenaMed Biologics

$36M

Yes

8/15/2000

Series B

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$99M

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0

Date

6/24/2004

8/15/2000

Round

Series C

Series B

Company

RenaMed Biologics

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Amount

$36M

$99M

New?

Yes

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Co-Investors

Sources

0

Foster & Foster Portfolio Exits

1 Portfolio Exit

Foster & Foster has 1 portfolio exit. Their latest portfolio exit was Connexn Technologies on November 11, 2004.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/11/2004

Acquired

Date

11/11/2004

Exit

Acquired

Companies

Valuation

Acquirer

Sources

Foster & Foster Acquisitions

3 Acquisitions

Foster & Foster acquired 3 companies. Their latest acquisition was Beyer-Barber Company on January 13, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/13/2021

$99M

Acquired

2

1/13/2021

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$99M

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10

1/22/2018

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$99M

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10

Date

1/13/2021

1/13/2021

1/22/2018

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

10

Foster & Foster Team

1 Team Member

Foster & Foster has 1 team member, including current Managing Partner, Bam Foster.

Name

Work History

Title

Status

Bam Foster

Managing Partner

Current

Name

Bam Foster

Work History

Title

Managing Partner

Status

Current

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