M&A Deal Summary

Benefytt Acquires American Service Insurance Agency

On August 8, 2014, Benefytt acquired insurance company American Service Insurance Agency for 4M USD

Acquisition Highlights
  • This is Benefytt’s 2nd transaction in the Insurance sector.
  • This is Benefytt’s 3rd largest (disclosed) transaction.
  • This is Benefytt’s 4th transaction in the United States.
  • This is Benefytt’s 1st transaction in Texas.

M&A Deal Summary

Date 2014-08-08
Target American Service Insurance Agency
Sector Insurance
Buyer(s) Benefytt
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

American Service Insurance Agency

Mansfield, Texas, United States
American Service Insurance Agency LLC is a distributor of individual insurance programs including primary short-term medical (STM), ACA, hospital indemnity, Medicare, life insurance and dental policies.

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Buyer(S) 1

Buyer

Benefytt

Tampa, Florida, United States

Category Company
Founded 2012
Sector Internet Software and Services
Revenue 351M USD (2018)
DESCRIPTION

Benefytt is a health insurance technology company that primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. By leveraging existing and emerging platforms and technologies, the Company offers a range of Medicare-related insurance plans from many of the nation’s leading carriers as well as other types of health insurance and supplemental products that meet the needs of consumers. Benefytt was formed in 2012 and is based in Tampa, Florida.


DEAL STATS #
Overall 4 of 4
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2014 M&A 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-14 HealthPocket

Sunnyvale, California, United States

HealthPocket, Inc. is a technology company that aggregates vast amounts of government, non-profit and private data to provide unbiased information and creates powerful tools for consumers to compare and rank health insurance plans.

Buy $32M