Divestiture • Business Services

OneDigital Acquires FahrenheitHR

On September 12, 2016, OneDigital acquired business services company FahrenheitHR from The Fahrenheit Group

Acquisition Context
  • This is OneDigital’s 1st transaction in the Business Services sector.
  • This is OneDigital’s 2nd transaction in the United States.
  • This is OneDigital’s 1st transaction in Virginia.

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M&A Deal Summary

Date September 12, 2016
Target FahrenheitHR
Sector Business Services
Buyer(s) OneDigital
Sellers(s) The Fahrenheit Group
Deal Type Divestiture

Target Company

FahrenheitHR

Richmond, Virginia, United States
FahrenheitHR is a provider of consulting services focused on HR compliance and policy, executive coaching, organizational effectiveness and compensation, and benefit plan evaluation and development.
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Buyer Overview 1

Buyer

OneDigital

Atlanta, Georgia, United States

Category Company
Founded 2000
Sector Insurance
DESCRIPTION

OneDigital is a pure-play employee-benefits broker in the United States. OneDigital delivers benefits solutions for employers of all sizes through a sophisticated combination of strategic advisory services, proprietary technology, advanced analytics, compliance support, technical innovations and HR capital management tools. OneDigital was founded in 2000 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 2 of 92
Sector: Business Services 1 of 31
Type: Divestiture 1 of 7
State: Virginia 1 of 3
Country: United States 2 of 91
Year: 2016 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 Mann & Watters Insurance

Wilmington, North Carolina, United States

Mann & Watters Insurance, Inc. is specializes in employee benefit programs and offers a wide variety of individual insurance planning and financial products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-27 MRCT

Clayton, Missouri, United States

MRCT is a provider of employee benefits, financial products and human resources consulting services.

Buy -

Seller Profile 1

SELLER

The Fahrenheit Group

Richmond, Virginia, United States

Category Company
Founded 2010
Sector Business Services
DESCRIPTION

The Fahrenheit Group is a provider of advisory, accounting & finance and human resource services with offices in Richmond, VA, Metro Washington, DC, Raleigh, NC and Phoenix, AZ. Bencks & Co. is a boutique retained executive search firm based in Richmond, VA.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Bencks & Co.

Henrico, Virginia, United States

Bencks & Co. LLC is a boutique executive recruiting organization.

Buy -