Prudential Financial Inc. in Newark, N.J., said it has closed its purchase of MullinTBG, a provider of executive benefit solutions and financing strategies.
MullinTBG companies, including MullinTBG Insurance Agency Services LLC and MullinTBG Advisors, are included in the deal and will be merged into Prudential Retirement, the company said last week.
The companies' integration is expected to be completed this quarter.
Los Angeles-based MullinTBG focuses on nonqualified benefits programs for Fortune 1000 clients; it administered and/or serviced more than 650 customized plans with nearly 60,000 executive participants and $21 billion of assets at June 30.
Prudential Retirement had more than $158 billion of retirement assets at June 30.