Dallas-based financial and business advisory platform Springline Advisory, which provides accounting and advisory services to businesses in the middle market, has acquired Actuarial Resources Corp., an actuarial software and consulting firm located in Overland Park, KS.
Financial terms of the deal weren’t disclosed.
Springline Advisory, which officially launched in January 2024 with backing from Dallas private equity firm Trinity Hunt Partners, said the partnership unites its increased resources and scale with ARC’s decades of specialized actuarial expertise.
Recommended Articles
“Together, the firms will expand their collective capabilities in actuarial consulting and software development, offering clients deeper technical expertise, more innovative solutions, and an enhanced range of advisory services,” Springline Advisory said in a Dec. 10 media release.
ARC has been a leader in actuarial software and consulting services for nearly four decades. The firm developed the ARCVAL application, which is used by more than 50 insurance companies for the valuation of life, annuity, and health insurance products.
“What stood out to us about ARC wasn’t just their technical excellence; it was the way they consistently show up for their clients and stay committed to solving complex actuarial challenges in ways that make insurers stronger and more adaptive,” Tim Brackney, CEO of Springline Advisory, said in a statement. “Their software expertise and client-first culture make them a natural fit for our vision to build the most forward-thinking advisory firm platform in the industry.”
ARC serves domestic and global insurers with a full range of actuarial services designed to support the entire insurance enterprise—from modernization initiatives to the development of integrated data and process solutions that bridge the gap between actuarial and IT resources. Ranked the ninth-largest actuarial firm in the U.S. by life loss reserves, ARC is recognized nationally as one of the top consulting services providers for services related to financial reporting actuarial systems and processes.
“Joining Springline Advisory positions ARC to help build something bigger—a leading, national insurance practice with the scale, systems, and expertise to serve enterprise insurers end-to-end. It’s an opportunity to amplify our actuarial and software capabilities, modernize with purpose, and continue delivering the accuracy and accountability our clients rely on,” said Brenna Gardino, managing partner of ARC.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
