M&A Deal Summary

Benefit Resources Acquires 121 Benefits

On October 1, 2020, Benefit Resources acquired business services company 121 Benefits

Acquisition Highlights
  • This is Benefit Resources’ 1st transaction in the Business Services sector.
  • This is Benefit Resources’ 1st transaction in the United States.
  • This is Benefit Resources’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-10-01
Target 121 Benefits
Sector Business Services
Buyer(s) Benefit Resources
Deal Type Add-on Acquisition

Target

121 Benefits

Minneapolis, Minnesota, United States
121 Benefits is an administrator of pre-tax benefits and benefit continuation services. 121 Benefits offers trusted consultant and administrator for clients who offer their staff Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA), Health Savings Accounts (HSA), VEBA, Qualified Transportation Plans, Employee Wellness Benefits Accounts, Affordable Care Act (ACA) Reporting, Defined Contribution Plans and Continuation Services of COBRA, Retiree Billing and Leave of Absence Billing. 121 Benefits was established in 2016 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Benefit Resources

Rochester, New York, United States
Category Company
Founded 1993
Sector Business Services
DESCRIPTION

Benefit Resources is a provider of consumer-directed benefit (CDB) solutions including FSA, HSA, HRA, and commuter benefit plan programs and COBRA services. BRI utilizes a proprietary suite of technology solutions coupled with a high-touch service model to deliver a superior offering to its over 3,500 clients and their employees. Benefit Resources, Inc. serves clients of all sizes nationwide with a focus on mid-market employers. Benefit Resources, Inc. was founded in 1993 and is headquartered in Rochester, NY with a secondary office in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

Legal