Divestiture • Business Services

Massachusetts Mutual Life Insurance Co. Acquires MetLife - U.S. Retail Advisor Force

On February 29, 2016, Massachusetts Mutual Life Insurance Co. acquired business services company MetLife - U.S. Retail Advisor Force from MetLife

Acquisition Context
  • This is Massachusetts Mutual Life Insurance Co.’s 1st transaction in the Business Services sector.
  • This is Massachusetts Mutual Life Insurance Co.’s 3rd transaction in the United States.

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M&A Deal Summary

Date February 29, 2016
Target MetLife - U.S. Retail Advisor Force
Sector Business Services
Buyer(s) Massachusetts Mutual Life Insurance Co.
Sellers(s) MetLife
Deal Type Divestiture

Target Company

MetLife - U.S. Retail Advisor Force

United States
MetLife's U.S. Retail advisor force is a retail distribution operation with more than 40 local sales and advisory operations and approximately 4,000 advisors across the country.
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Buyer Overview 1

Buyer

Massachusetts Mutual Life Insurance Co.

Springfield, Massachusetts, United States

Category Company
Founded 1851
Sector Insurance
DESCRIPTION

MassMutual is a mutual life insurance company that is run for the benefit of its members and participating policyholders. Company offers various products and solutions, including annuities, college savings plans (529), disability income insurance, individual retirement account, investments, life insurance.


Deal Context for Buyer #
Overall 3 of 5
Sector: Business Services 1 of 1
Type: Divestiture 1 of 2
Country: United States 3 of 5
Year: 2016 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Viability Advisory Group

Hartford, Connecticut, United States

Viability has developed a patent-pending analysis program to help companies evaluate the financial costs associated with employees being unprepared for retirement and the loss of productivity attributed to employees’ lack of financial security. As part of the evaluation, the program calculates the hard-dollar cost of inappropriate or under-utilization of retirement savings and other employee benefits programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Metropolitan Life Insurance Co.

Amherst, New York, United States

Metropolitan Life Insurance Co. (MetLife Solutions Group) is a provider of insurance services.

Buy -

Seller Profile 1

SELLER

MetLife

New York, New York, United States

Category Company
Founded 1863
Sector Insurance
Employees45,000
Revenue 69.9B USD (2024)
DESCRIPTION
The MetLife Tower in New York City.
The MetLife Tower in New York City.

MetLife is a global financial services and insurance company, offering clients planning, retirement, and savings solutions. MetLife was formed in 1863 and is based in New York, New York.


Deal Context for Seller #
Overall 3 of 5
Sector: Business Services 1 of 1
Type: Divestiture 3 of 5
Country: United States 3 of 4
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 MetLife Assurance

London, United States

MetLife Assurance Ltd., is a specialist bulk annuity pension provider, a pension risk transfer solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-07 Logan Circle Partners

Philadelphia, Pennsylvania, United States

Logan Circle Partners LP is an institutionally-focused, fundamental research-based investment manager providing clients actively managed investment solutions across a broad spectrum of fixed income strategies.

Buy $250M