M&A Deal Summary

Digital Insurance Acquires 1st Alliance Payroll Services

On October 11, 2012, Digital Insurance acquired insurance company 1st Alliance Payroll Services

Acquisition Highlights
  • This is Digital Insurance’s 17th transaction in the Insurance sector.
  • This is Digital Insurance’s 17th transaction in the United States.
  • This is Digital Insurance’s 3rd transaction in Florida.

M&A Deal Summary
Date 2012-10-11
Target 1st Alliance Payroll Services
Sector Insurance
Buyer(s) Digital Insurance
Deal Type Add-on Acquisition

Target

1st Alliance Payroll Services

Kissimmee, Florida, United States
1st Alliance Payroll Services, Inc. served a variety of small to medium-sized businesses. The firm specialized in offering an alternate, less expensive solution to companies that were outsourcing benefits to costly PEOs (Professional Employer Organizations).

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Buyer(S) 1

Buyer

Digital Insurance

Atlanta, Georgia, United States
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 17 of 31
Sector (Insurance) 17 of 28
Type (Add-on Acquisition) 15 of 29
State (Florida) 3 of 5
Country (United States) 17 of 31
Year (2012) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 The Montgomery Benefits Group

Jenkintown, Pennsylvania, United States

The Montgomery Benefits Group primarily operates in the five-county Philadelphia metropolitan area, as well as the South Jersey market. The firm represents small- to mid-sized businesses in many industries and has a strong practice in the service arena, including law firms, property managers and numerous not-for-profit groups.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 The Odell Studner Group

Radnor, Pennsylvania, United States

The Odell Studner Group is a full-service agency focusing on commercial property and casualty, employee benefits and personal insurance, Odell Studner is known for its niche specialties in the real estate, temporary staffing , health care, social services, life sciences and technology sectors.

Buy -
Mergr

Product

Company

Legal