M&A Deal Summary

Alight Solutions Acquires Reed Group

On December 6, 2022, Alight Solutions acquired information technology company Reed Group from The Guardian Life Insurance Company of America

Acquisition Highlights
  • This is Alight Solutions’ 2nd transaction in the Information Technology sector.
  • This is Alight Solutions’ 5th transaction in the United States.
  • This is Alight Solutions’ 1st transaction in Colorado.

M&A Deal Summary
Date 2022-12-06
Target Reed Group
Sector Information Technology
Buyer(s) Alight Solutions
Sellers(s) The Guardian Life Insurance Company of America
Deal Type Divestiture

Target

Reed Group

Westminster, Colorado, United States
Reed Group is a provider of absence management services that help employers comply with federal and state regulation and get employees back to work quickly and safely. Reed Group has been a trusted partner to employers, insurers, TPAs, government organizations, attorneys, and healthcare providers. Reed Group was formed in 1860 and is based in Westminster, Colorado.

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Buyer(S) 1

Buyer

Alight Solutions

Lincolnshire, Illinois, United States
Category Company
Sector Information Technology
Employees18,000
Revenue 3.1B USD (2023)
DESCRIPTION

Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Lincolnshire, Illinois.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 2 of 2
Type (Divestiture) 3 of 3
State (Colorado) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 ConsumerMedical

Norwell, Massachusetts, United States

ConsumerMedical is clinical advocacy, decision support, and expert second opinion company serving over four million individuals through employers, health plans, and private exchanges. ConsumerMedical is based in Norwell, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Strada

Doral, Florida, United States

Strada provides an end-to-end offering of technology and services, including U.S. and multi-country global payroll, HR administration & outsourced services, and cloud technology advisory deployment & application managed services. Strada is based in Doral, Florida.

Sell $1.2B

Seller(S) 1

SELLER

The Guardian Life Insurance Company of America

New York, New York, United States
Category Company
Founded 1860
Sector Insurance
DESCRIPTION

The Guardian Life Insurance Co. of America is a provider of mutual life insurance and employee benefits.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 1
Type (Divestiture) 3 of 4
State (Colorado) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 The Guardian Life Insurance Company of America - Dental Service Organization Operations

New York, New York, United States

The Guardian Life Insurance Company of America - Dental Service Organization Operations includes 36 supported offices in Texas currently branded South Texas Dental, 13 in Northern and Central California under the Access Dental brand, 8 in Northern and Southern California branded Blue Hills Dental, and 6 Vital Smiles offices in Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 Innovative Underwriters

Philadelphia, Pennsylvania, United States

Innovative Underwriters is a brokerage general agency providing access to a robust suite of nonproprietary products from a diverse set of top-rated carriers. Innovative Underwriters is based in Philadelphia, Pennsylvania.

Sell -
Mergr

Product

Company

Legal