Add-on Acquisition • Insurance

Selerix Systems Acquires Steele

On September 4, 2025, Selerix Systems acquired insurance company Steele

Acquisition Context
  • This is Selerix Systems’ 1st transaction in the Insurance sector.
  • This is Selerix Systems’ 3rd transaction in the United States.
  • This is Selerix Systems’ 1st transaction in Indiana.

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M&A Deal Summary

Date September 4, 2025
Target Steele
Sector Insurance
Buyer(s) Selerix Systems
Deal Type Add-on Acquisition

Target Company

Steele

Indianapolis, Indiana, United States
Steele is a provider of benefits engagement, enrollment, and administration. Steele elevates the benefits experience for employees, employers, brokers, insurance carriers, and connects people with the benefits they need to live prosperous lives. Steele was formed in 2000 and is headquartered in Indianapolis, Indiana.
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Buyer Overview 1

Buyer

Selerix Systems

McKinney, Texas, United States

Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

Selerix Systems is a cloud-based benefits administration and HR technology company that provides software solutions for employee benefits enrollment, engagement, and Affordable Care Act (ACA) compliance used by employers, brokers, and carriers. Its flagship platforms, including BenSelect and Engage, streamline benefits administration, communication, and reporting for employers, brokers, and carriers. Selerix Systems was founded in 2002 and is based in McKinney, Texas.


Deal Context for Buyer #
Overall 3 of 3
Sector: Insurance 1 of 1
Type: Add-on Acquisition 3 of 3
State: Indiana 1 of 1
Country: United States 3 of 3
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-06 The Benefits eXpert®

Plano, Texas, United States

TBX is an employee benefits technology company that offers an engagement, education, and administrative platform. TBX® combines behavioral science-based educational videos, a data-driven decision support tool, and bilingual English-Spanish capabilities to deliver clarity and accessibility for all. TBX was founded in 2013 and is based in Plano, Texas.

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