Towers Watson (NYSE, Nasdaq: TW), has acquired Liazon Corp. for $215 million.
Buffalo, N.Y.-based Liazon develops and delivers private employee benefit exchanges. The company’s benefits are distributed through 400 insurance brokers.
Tower Watson, headquartered in New York, is a professional services company that provides benefits, talent management, and risk and capital management.
Cadwalader Wickersham & Taft LLP acted as Towers Watson’s legal counsel, while Lowenstein Sandler LLP provided legal advice to Liazon.