M&A Deal Summary

Digital Insurance Acquires Ovation Benefits Group

On September 18, 2013, Digital Insurance acquired insurance company Ovation Benefits Group

Acquisition Highlights
  • This is Digital Insurance’s 27th transaction in the Insurance sector.
  • This is Digital Insurance’s 29th transaction in the United States.
  • This is Digital Insurance’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2013-09-18
Target Ovation Benefits Group
Sector Insurance
Buyer(s) Digital Insurance
Deal Type Add-on Acquisition

Target

Ovation Benefits Group

Farmington, Connecticut, United States
Ovation Benefits Group, LLC is a provider of health plan consultation, implementation, and management services.

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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 29 of 31
Sector (Insurance) 27 of 28
Type (Add-on Acquisition) 27 of 29
State (Connecticut) 1 of 1
Country (United States) 29 of 31
Year (2013) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-08 TurnKey Benefits

Fort Mill, South Carolina, United States

TurnKey Benefits, Inc. is an employee benefits consultation company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 Compass Consulting Group

Jacksonville, Florida, United States

Compass Consulting Group, Inc. is a provider of employee benefits consulting and health care risk management services.

Buy -