Divestiture • Business Services

The Robert E. Miller Group Acquires FBD Consulting

On March 31, 2011, The Robert E. Miller Group acquired business services company FBD Consulting from WageWorks

Acquisition Context
  • This is The Robert E. Miller Group’s 1st transaction in the Business Services sector.
  • This is The Robert E. Miller Group’s 1st transaction in the United States.
  • This is The Robert E. Miller Group’s 1st transaction in Kansas.

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M&A Deal Summary

Date March 31, 2011
Target FBD Consulting
Sector Business Services
Buyer(s) The Robert E. Miller Group
Sellers(s) WageWorks
Deal Type Divestiture

Target Company

FBD Consulting

Leawood, Kansas, United States
FBD Consulting, Inc. is a provider of reimbursement administration business.
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Buyer Overview 1

Buyer

The Robert E. Miller Group

Overland Park, Kansas, United States

Category Company
Sector Insurance
DESCRIPTION

The Robert E. Miller Group is specializes in commercial insurance, employee benefits construction, nonprofit, HR consulting and personal asset protection solutions.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Kansas 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1

Seller Profile 1

SELLER

WageWorks

San Mateo, California, United States

Category Company
Founded 2000
Sector Business Services
Employees1,921
Revenue 476M USD (2017)
DESCRIPTION
WageWorks' corporate headquarters in San Mateo, California.
WageWorks' corporate headquarters in San Mateo, California.

WageWorks is a provider of consumer-driven tax-advantaged spending accounts for health and dependent care and commuting. Products include flexible spending (FSA), health reimbursement (HRA), health savings (HSA), COBRA and commuter accounts. WageWorks, Inc. was formed in 2000 and is based in San Mateo, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Kansas 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Planned Benefit Systems

Centennial, Colorado, United States

Planned Benefit Systems, Inc. is a provider of pretax benefits services that include FSA, HRA, HSA, commuter and COBRA administration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Choice Strategies

Waterbury Center, Vermont, United States

Choice Strategies is a pre-eminent administrator in the tax-advantaged, consumer-driven health care space.

Buy -