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  6. UltraBenefits Acquires Group Insurance Service Center

M&A Deal Summary

UltraBenefits Acquires Group Insurance Service Center

On October 8, 2015, UltraBenefits acquired insurance company Group Insurance Service Center

Acquisition Highlights
  • This is UltraBenefits’ 1st transaction in the Insurance sector.
  • This is UltraBenefits’ 1st transaction in the United States.
  • This is UltraBenefits’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2015-10-08
Target Group Insurance Service Center
Sector Insurance
Buyer(s) UltraBenefits
Deal Type Add-on Acquisition

Target

Group Insurance Service Center

Pembroke, Massachusetts, United States
Group Insurance Service Center, Inc. is an insurance center that specializes in the administration of employee health, dental, life, AD&D, and short-term disability insurance and is an approved claim payment facility for major A+ insurance carriers.

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Buyer(S) 1

Buyer

UltraBenefits

Worcester, Massachusetts, United States
Category Company
Sector Insurance
DESCRIPTION

UltraBenefits, Inc. is an employee benefits administration company that focuses on delivering cost-effective employee benefit solutions.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
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