M&A Deal Summary

Digital Insurance Acquires First Benefit Partners

On August 16, 2012, Digital Insurance acquired insurance company First Benefit Partners

Acquisition Highlights
  • This is Digital Insurance’s 14th transaction in the Insurance sector.
  • This is Digital Insurance’s 14th transaction in the United States.
  • This is Digital Insurance’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2012-08-16
Target First Benefit Partners
Sector Insurance
Buyer(s) Digital Insurance
Deal Type Add-on Acquisition

Target

First Benefit Partners

Knoxville, Tennessee, United States
First Benefit Partners is a provider of employee benefits and insurance products.

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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 14 of 31
Sector (Insurance) 14 of 28
Type (Add-on Acquisition) 13 of 29
State (Tennessee) 2 of 3
Country (United States) 14 of 31
Year (2012) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 DSG Benefits Group

Dallas, Texas, United States

DDSG Benefits Group, LLC provides employee benefits brokerage and consulting services in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-20 Suncoast Insurance Associates

Tampa, Florida, United States

Suncoast Insurance Associates, Inc. specializes in serving the design industry, including architectural and engineering businesses.

Sell -