M&A Deal Summary

Digital Insurance Acquires Benefit Services & Design

On February 19, 2013, Digital Insurance acquired insurance company Benefit Services & Design

Acquisition Highlights
  • This is Digital Insurance’s 23rd transaction in the Insurance sector.
  • This is Digital Insurance’s 23rd transaction in the United States.
  • This is Digital Insurance’s 4th transaction in North Carolina.

M&A Deal Summary
Date 2013-02-19
Target Benefit Services & Design
Sector Insurance
Buyer(s) Digital Insurance
Deal Type Add-on Acquisition

Target

Benefit Services & Design

North Carolina, United States
Benefit Services & Design has provided employee benefits to more than 250 clients, ranging from small businesses to national companies, working in various industries including healthcare, trucking, furniture and manufacturing.

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Buyer(S) 1

Buyer

Digital Insurance

Atlanta, Georgia, United States

website

Category Company
Founded 2000
Sector Business Services
DESCRIPTION

Digital Insurance, Inc. is an employee benefits platform specializing in health insurance distribution and benefits management for small and mid-sized businesses. Digital manages more than 20,000 employer clients, 250 broker partnerships and more than $1 billion in annual premiums. Digital's largest division, Digital Benefits Advisors, is a rapidly growing health benefits brokerage agency that utilizes Digital's highly scalable benefits technology platform to successfully target the SMB marketplace on a direct basis.

DEAL STATS #
Overall 23 of 31
Sector (Insurance) 23 of 28
Type (Add-on Acquisition) 21 of 29
State (North Carolina) 4 of 4
Country (United States) 23 of 31
Year (2013) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-14 CUNA Mutual Group

Madison, Wisconsin, United States

CUNA Mutual Group is a provider of financial services to credit unions, their members and valued customers worldwide. With more than 75 years of market commitment, CUNA Mutual Group’s vision is unwavering: to be a trusted business partner who delivers service excellence and customer-focused, best-in-class products and market-driven innovation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-21 Group Brokerage Insurance Agency

Waltham, Massachusetts, United States

Group Brokerage Insurance Agency LLC is an employee benefits agency primarily providing group medical, dental, life, short & long-term disability, and long-term care insurance. Group Brokerage Insurance Agency was founded in 2011 and is based in Waltham, Massachusetts.

Buy -
Mergr

Product

Company

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