Horace Mann Educators Corporation (NYSE:HMN) entered into a stock purchase agreement to acquire Benefit Consultants Group Inc from Robert Paglione, Adam Paglione, Lisa and Jorge Arroyo and Beau Adams for $25 million on October 30, 2018. The Agreement and the consummation of the transaction is subject to the satisfaction or waiver of applicable closing conditions as well as approval by the certain regulators, including the Financial Industry Regulatory Authority and has been approved by HMN's Board of Directors. The closing of the Acquisition is expected to occur during the first half of 2019. Eversheds Sutherland US LLP acted as the legal advisor for Horace Mann Educators Corporation. Horace Mann Educators Corporation (NYSE:HMN) completed the acquisition of Benefit Consultants Group Inc from Robert Paglione, Adam Paglione, Lisa and Jorge Arroyo and Beau Adams on January 2, 2019. Benefit Consultants Group will continue to operate at its Cherry Hill under the same name and management.