M&A Deal Summary

Digital Insurance Acquires Strategic Employee Benefit Services - Wellesley Providence and Springfield

On August 1, 2013, Digital Insurance acquired insurance company Strategic Employee Benefit Services - Wellesley Providence and Springfield

Acquisition Highlights
  • This is Digital Insurance’s 26th transaction in the Insurance sector.
  • This is Digital Insurance’s 27th transaction in the United States.
  • This is Digital Insurance’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2013-08-01
Target Strategic Employee Benefit Services - Wellesley Providence and Springfield
Sector Insurance
Buyer(s) Digital Insurance
Deal Type Add-on Acquisition

Target

Strategic Employee Benefit Services - Wellesley Providence and Springfield

Wellesley, Massachusetts, United States
Strategic Employee Benefit Services - Wellesley, Providence and Springfield offers strategic employee benefit services.

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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 27 of 31
Sector (Insurance) 26 of 28
Type (Add-on Acquisition) 25 of 29
State (Massachusetts) 2 of 2
Country (United States) 27 of 31
Year (2013) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-18 Berg Andonian

Gig Harbor, Washington, United States

Berg Andonian, Inc. is an employee benefits firm that provides services to 165 employers, including school districts, hospitals and country governments, in addition to 1,500 individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-08 TurnKey Benefits

Fort Mill, South Carolina, United States

TurnKey Benefits, Inc. is an employee benefits consultation company.

Buy -