Christian Brothers Services Acquires BMT
Romeoville, Ill. and Tarrytown, N.Y., August 11, 2017 - Christian Brothers Services (CBS) is pleased to announce its acquisition of Brenner, McDonagh & Tortolani, Inc. (BMT) as of August 1, 2017.
BMT serves 230 religious institutes and many sponsored ministries in need of assistance with the management of daily operations including accounting and financial management, benefits eligibility management, human resources, investment consulting and planning.
The acquisition enables Christian Brothers Services to be a premier provider of consulting services to faith-based organizations. BMT will now function as a new and independent division of Christian Brothers Services. BMT staff includes approximately fifty highly trained and experienced professionals, which will now join the Christian Brothers Services employee team. BMT will maintain its personnel and various office locations. The mission, vision, and quality of service of BMT will remain the same as when it was founded in 1972.
"The BMT team has always recognized that our two organizations have compatible and harmonious respective missions. As a leader at BMT, I am pleased that our ability to provide excellent professional and customized services will be enhanced by this relationship as we maximize our capabilities and infrastructure. In joining Christian Brothers Services, BMT is now positioned for even more success. I am enthusiastic about the future for BMT and its clients," explains John Tortolani, founding partner at BMT.
"BMT's sound and professional services match our ministry perfectly. You can count on Christian Brothers Services and BMT to continue meeting the needs of faith based organizations. Together, we will continue to meet the business needs of Church organizations through creative thinking, embracing change and innovation. We take pride in nurturing a strong organizational culture and maintaining an optimistic 'can do' attitude. We are grateful for the opportunity to serve thousands of organizations and support their many important missions," comments Brother Michael Quirk, FSC, Ed.D., CEO/President of Christian Brothers Services.
BMT clients will now have direct access to Christian Brothers Services' full array of services, plans and programs including health benefits, retirement plans, property/casualty, Information & Technology Services and Catholic School Management.
About Christian Brothers Services
Founded in 1960 and headquartered in Romeoville, Illinois, Christian Brothers Services is a nonprofit, Catholic organization that administers cooperative programs in the areas of health, retirement, property/casualty, and technology as well as financial, administrative and Catholic school consulting to church congregations, organizations and dioceses internationally.
About Catholic School Management
Founded in 1973, NCEA Financial Consulting Services focused exclusively on finance and development consulting services for Catholic school and diocesan administrators. In 1979 demand for a broader scope of services resulted in the creation of Catholic School Management (CSM). In 2014, Christian Brothers Services acquired CSM's growing operations, making CBS the national leader in consultative guidance for Catholic schools. CSM's team of experts represents more than 500 years of experience in the education field with a focus on strategy, planning and leadership.
Founded in 1972 and headquartered in Tarrytown, New York, Brenner, McDonagh & Tortolani, Inc., BMT Management and Financial Consultants was acquired by Christian Brothers Services in 2017. Providing premier consulting services to 280 religious institutes and many sponsored ministries in need of assistance, BMT offers the management of daily operations, including accounting and financial management, benefits eligibility management, human resources, investment consulting and real estate planning and sustainability studies.