Benefytt - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Benefytt M&A Summary

Benefytt has acquired 4 companies of its own.

Benefytt’s largest acquisition to date was in 2013, when it acquired Secured Health & Life Insurances for $165M. Benefytt has acquired in 3 different US states. The Company’s most targeted sectors include insurance (50%) and business services (25%).

Benefytt Ownership

Who owns Benefytt?

Benefytt is owned by Madison Dearborn Partners. It was acquired on July 13, 2020.

Is Benefytt PE-backed?

Yes. Benefytt is owned by private equity investor Madison Dearborn Partners.

Benefytt Business Overview

Where is Benefytt headquartered?

Benefytt is headquartered in Tampa, Florida.

What is Benefytt’s revenue?

Benefytt disclosed revenue of 351M USD for 2018 and 250M USD for 2017.

What sector is Benefytt in?

Benefytt is an internet software and services company.

When was Benefytt founded?

Benefytt was founded in 2012.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Advisors 1

Benefytt

Benefytt Technologies, Inc.

3450 Buschwood Park Dr.,
Tampa, Florida 33618
United States,
(877) 376-5831
www.benefytt.com

Benefytt is a health insurance technology company that primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. By leveraging existing and emerging platforms and technologies, the Company offers a range of Medicare-related insurance plans from many of the nation’s leading carriers as well as other types of health insurance and supplemental products that meet the needs of consumers. Benefytt was formed in 2012 and is based in Tampa, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $201M $201M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
American Service Insurance Agency LLC 2014-08-08 4M USD Add-on Acquisition
Mansfield, Texas · www.american-health-benefits.com
HealthPocket, Inc. 2014-07-14 32M USD Add-on Acquisition
Sunnyvale, California · www.healthpocket.com
Secured Health & Life Insurances, Inc. 2013-07-24 165M USD Add-on Acquisition
Fort Lauderdale,, Florida · www.securedhealthandlife.com
Sunrise Group Marketing, Inc. 2013-07-17 - Add-on Acquisition
Plantation, Florida
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 2 (50%) 169M (84%) - -
Business Services 1 (25%) - - -
Information Technology 1 (25%) 32M (16%) - -
Total 4 $201M - -

By Geo

State/Country Buy Value Sell Value
United States 4 201M - -
  Florida 2 165M - -
  Texas 1 4M - -
  California 1 32M - -
Total 4 $201M - -

Top M&A Advisors

Financial Deals
Dougherty & Co. LLC
 1

Deal Values

buy # Total
$100M to $1B 1 $165M
< $100M 2 $36M
TOTAL $201M
Largest Secured Health & Life Insurances, Inc.
$165M (2013-07-24)

Company Summary

SECTOR

Internet Software and Services

Revenue

351   41% 2018
250   36% 2017
185   77% 2016
105   18% 2015
89   59% 2014
56   37% 2013
41   2012
(millions of USD) Show More Show Less

Established

2012

Former Name

Health Insurance Innovations, Inc.

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