Rick Nickels Represents Seller in Employee Benefits Firm Transaction

By Randy McClain, The Tennessean

Willis of Tennessee, a unit of Willis Group Holdings, the global insurance broker, today announced the acquisition of Phillips-Diaz Benefits, Inc., a long-established specialist in the employee benefits market. Attorney Rick Nickels represented the seller in the transaction.

Terms of the transaction weren’t disclosed.

The company said the move is part of Willis’ strategy to expand its presence in the employee benefits arena in Tennessee. Willis has offices in Memphis, Nashville and Knoxville.