Merger • Software

Bridgeway Benefit Technologies Acquires ISSI

On January 5, 2022, Bridgeway Benefit Technologies acquired software company ISSI from Zenith American Solutions

Acquisition Context
  • This is Bridgeway Benefit Technologies’ 1st transaction in the Software sector.
  • This is Bridgeway Benefit Technologies’ 1st transaction in the United States.
  • This is Bridgeway Benefit Technologies’ 1st transaction in New Jersey.

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M&A Deal Summary

Date January 5, 2022
Target ISSI
Sector Software
Buyer(s) Bridgeway Benefit Technologies
Sellers(s) Zenith American Solutions
Deal Type Merger

Target Company

ISSI

Maple Shade, New Jersey, United States
ISSI is a software company that provides computer system software and services for the administration of multi-employer benefit funds. With more than 250 systems installed in North America, and a product suite that covers every facet of multi-employer benefit fund administration, ISSI is a provider of benefit fund administration software to fund offices and third-party administrators in the market. ISSI is based in Maple Shade, New Jersey.
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Buyer Overview 1

Buyer

Bridgeway Benefit Technologies

Baltimore, Maryland, United States

Category Company
Founded 1977
Sector Software
DESCRIPTION

Bridgeway Benefit Technologies is a provider of specialized business administration software for the Taft-Hartley community, providing technology solutions for fund offices, national multiemployer plans, and third-party administrators across the United States and Canada. Bridgeway Benefit Technologies was founded in 1977 and is based in Baltimore, Maryland.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Merger 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1

Seller Profile 1

SELLER

Zenith American Solutions

Tampa, Florida, United States

Category Company
Founded 1944
Sector Healthcare Services
DESCRIPTION

Zenith American Solutions is an administrator to Taft-Hartley multi-employer funds in the U.S. The company's solutions enable the delivery of complex healthcare and retirement benefits to union members through its dynamic technology-enabled platform. Zenith American Solutions was founded in 1944 and is based in Tampa, Florida.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Merger 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Benefits Administration

Baltimore, Maryland, United States

Benefits Administration LLC is a full-service third-party administrator. The company specializes in health, welfare, and retirement administration services to union trust organizations. Benefits Administration was founded in 1979 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-29 Rehn

Spokane, Washington, United States

Rehn is a third-party administrator that offers health, welfare, and retirement administration services for Taft-Hartley trust funds, primarily in the Pacific Northwest. Rehn is based in Spokane, Washington.

Buy -