M&A Deal Summary

BenefitMall Acquires Mutual Med

On August 30, 2022, BenefitMall acquired distribution company Mutual Med

Acquisition Highlights
  • This is BenefitMall’s 1st transaction in the Distribution sector.
  • This is BenefitMall’s 8th transaction in the United States.
  • This is BenefitMall’s 1st transaction in Iowa.

M&A Deal Summary
Date 2022-08-30
Target Mutual Med
Sector Distribution
Buyer(s) BenefitMall
Deal Type Add-on Acquisition

Target

Mutual Med

Davenport, Iowa, United States
Mutual Med is an insurance distributor providing sales counseling and support for benefits agents serving large groups, small groups, and individuals. Mutual Med was founded in 1986 and is based in Davenport, Iowa.

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Buyer(S) 1

Buyer

BenefitMall

Dallas, Texas, United States
Category Company
Founded 1979
Sector Business Services
DESCRIPTION

BenefitMall is a national provider of employee benefits, payroll, HR and employer services. By combining payroll and benefits, BenefitMall empowers Trusted Advisors to develop the best employee programs while maintaining compliance with government regulations and Health Care Reform. BenefitMall was founded in 1979 and is based in Dallas, Texas.

DEAL STATS #
Overall 8 of 8
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Iowa) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Savin Sales Associates

Cleveland, United States

Savin Sales Associates is a benefits general agency that serves the independent broker community.

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