M&A Deal Summary

Inspira Financial Acquires Benefit Resources

On July 13, 2023, Inspira Financial acquired business services company Benefit Resources from CIP Capital

Acquisition Highlights
  • This is Inspira Financial’s 3rd transaction in the Business Services sector.
  • This is Inspira Financial’s 5th transaction in the United States.
  • This is Inspira Financial’s 1st transaction in New York.

M&A Deal Summary
Date 2023-07-13
Target Benefit Resources
Sector Business Services
Buyer(s) Inspira Financial
Sellers(s) CIP Capital
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Willkie Farr & Gallagher (Legal)

Target

Benefit Resources

Rochester, New York, United States
Benefit Resources is a provider of consumer-directed benefit (CDB) solutions including FSA, HSA, HRA, and commuter benefit plan programs and COBRA services. BRI utilizes a proprietary suite of technology solutions coupled with a high-touch service model to deliver a superior offering to its over 3,500 clients and their employees. Benefit Resources, Inc. serves clients of all sizes nationwide with a focus on mid-market employers. Benefit Resources, Inc. was founded in 1993 and is headquartered in Rochester, NY with a secondary office in New York City.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Inspira Financial

Oak Brook, Illinois, United States
Category Company
Founded 2000
Sector Financial Services
DESCRIPTION

Inspira Financial is a provider of retirement and custody services, empowering clients with unmatched service, access to a wide range of custody solutions and expertise they can count on. Whether it’s the custody of alternative assets, investment accounts or retirement funds, Millennium Trust is uniquely qualified to support our clients’ success. Millennium Trust Company performs the duties of a directed custodian, and as such does not provide due diligence to third parties on prospective investments, platforms, sponsors or service providers and does not sell investments or provide investment, legal, or tax advice. Inspira Financial was founded in 2000 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-04 Accruit

Denver, Colorado, United States

Accruit is an exchange service provider and Qualified Intermediary. Accruit is a qualified intermediary for personal property in the United States and the only qualified intermediary to have a patented process and online exchange management system. Accruit was founded in 2000 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

CIP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 13 of 13
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 3 of 3
Country (United States) 13 of 13
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 CSS

New York, New York, United States

CSS is a provider of technology-enabled regulatory and compliance solutions to the financial services industry. The CSS platform provides a comprehensive technology-enabled offering encompassing regulatory reporting, data management, outsourced compliance management services, compliance workflow tools, shareholding disclosure, trade monitoring, trading analytics, and cybersecurity solutions. CSS was founded in 2017 and is based in New York City.

Sell -
Mergr

Product

Company

Legal