M&A Deal Summary

Fringe Benefits Management Acquires 21st Century Health & Benefits

On April 23, 2006, Fringe Benefits Management acquired business services company 21st Century Health & Benefits

Acquisition Highlights
  • This is Fringe Benefits Management’s 1st transaction in the Business Services sector.
  • This is Fringe Benefits Management’s 1st transaction in the United States.
  • This is Fringe Benefits Management’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2006-04-23
Target 21st Century Health & Benefits
Sector Business Services
Buyer(s) Fringe Benefits Management
Deal Type Add-on Acquisition
Advisor(s) Covington Associates
Aleutian Capital Partners LLC (dba Aleutian Capital Group) (Financial)

Target

21st Century Health & Benefits

Cherry Hill, New Jersey, United States
21st Century Health & Benefits, Inc. provides benefit administration and customized services for self-funded and self-insured clients.

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Buyer(S) 1

Buyer

Fringe Benefits Management

Tallahassee, Florida, United States

Category Company
Founded 1976
Sector Business Services
DESCRIPTION

FBMC is a nationally recognized benefits company and one of the largest administrators of tax-favored accounts in the United States.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1