M&A Deal Summary

Nava Benefits Acquires Innovate 2 Save

On August 9, 2022, Nava Benefits acquired business services company Innovate 2 Save

Acquisition Highlights
  • This is Nava Benefits’ 1st transaction in the Business Services sector.
  • This is Nava Benefits’ 1st transaction in the United States.
  • This is Nava Benefits’ 1st transaction in New York.

M&A Deal Summary
Date 2022-08-09
Target Innovate 2 Save
Sector Business Services
Buyer(s) Nava Benefits
Deal Type Add-on Acquisition

Target

Innovate 2 Save

White Plains, New York, United States
Innovate 2 Save (i2) is a boutique employer benefits brokerage firm that offers cost reduction strategies specifically tailored to the needs of smaller employers. In response to rising healthcare costs with no end in sight, i2 delivers plan recommendations that drive bottom-line savings without impacting plan quality, service, or employee experience. Innovate 2 Save was formed in 2008 and is based in New York.

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Buyer(S) 1

Buyer

Nava Benefits

New York, New York, United States
Category Company
Sector Insurance
DESCRIPTION

Nava Benefits is a benefits brokerage firm that provides affordable healthcare to all Americans, starting with the 49% who receive insurance through their employers. Clients can discover and learn about 600+ providers across 28 benefits categories, backed by reviews from fellow HR professionals by using the company's Search Engine. By partnering with healthcare and benefits advisors from the country's largest companies, it packages their insights, tools, and best practices into a scalable, unified service offering that has helped smaller employers save 8-22% on their benefits plans. Nava Benefits is based in New York.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 Nielsen Benefits Group

Westlake Village, California, United States

Nielsen Benefits Group is a benefits consulting firm with a proven track record of designing innovative benefits solutions that lower costs for mid-sized employers. Nielsen Benefits Group is based in Westlake Village, California.

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