M&A Deal Summary

Voya Acquires OneAmerica Financial’s Retirement Plan Business

On September 11, 2024, Voya acquired business services company OneAmerica Financial’s Retirement Plan Business from OneAmerica Financial Partners

Acquisition Highlights
  • This is Voya’s 2nd transaction in the Business Services sector.
  • This is Voya’s 4th transaction in the United States.
  • This is Voya’s 1st transaction in Indiana.

M&A Deal Summary
Date 2024-09-11
Target OneAmerica Financial’s Retirement Plan Business
Sector Business Services
Buyer(s) Voya
Sellers(s) OneAmerica Financial Partners
Deal Type Divestiture

Target

OneAmerica Financial’s Retirement Plan Business

Indianapolis, Indiana, United States
OneAmerica Financial’s retirement plan business comprises 401(k), 403(b), 457, non-qualified deferred compensation plans and employee stock ownership plans.

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Buyer(S) 1

Buyer

Voya

New York, New York, United States
Category Company
Founded 1999
Sector Financial Services
Employees9,000
Revenue 7.2B USD (2023)
DESCRIPTION

Voya is a diversified financial services company, that offers retirement, investment, and insurance products within the US. Voya was founded in 1999 and is based in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Business Services) 2 of 2
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Benefitfocus

Charleston, South Carolina, United States

Benefitfocus is a provider of cloud-based benefits management software for consumers, employers, insurance carriers and brokers. Benefitfocus was formed in 2000 and is based in Charleston, South Carolina.

Buy $570M

Seller(S) 1

SELLER

OneAmerica Financial Partners

Indianapolis, Indiana, United States
Category Company
Sector Insurance
DESCRIPTION
OneAmerica Financial Partners' corporate headquarters in Indianapolis, Indiana.
OneAmerica Financial Partners' corporate headquarters in Indianapolis, Indiana.

OneAmerica Financial Partners, Inc. is a provider of retirement plan products and trust and record-keeping services; individual life insurance, annuities and asset based long-term care solutions; and employee benefit plan products. OneAmerica Financial Partners is based in Indianapolis, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-26 BMO Retirement Services

United States

BMO Retirement Services is a provider of insurance services.

Buy -
Mergr

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