M&A Deal Summary

WageWorks Acquires Benefit Concepts

On January 7, 2013, WageWorks acquired business services company Benefit Concepts

Acquisition Highlights
  • This is WageWorks’ 8th transaction in the Business Services sector.
  • This is WageWorks’ 8th transaction in the United States.
  • This is WageWorks’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2013-01-07
Target Benefit Concepts
Sector Business Services
Buyer(s) WageWorks
Deal Type Add-on Acquisition

Target

Benefit Concepts

East Providence, Rhode Island, United States
Benefit Concepts, Inc. is a provider of outsourced benefit solutions.

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Buyer(S) 1

Buyer

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 STATS #
Overall 8 of 11
Sector (Business Services) 8 of 10
Type (Add-on Acquisition) 5 of 7
State (Rhode Island) 1 of 1
Country (United States) 8 of 11
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 TransitChek

New York, New York, United States

TransitChek is a provider of benefits programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 Crosby Benefit Systems

Newton, Massachusetts, United States

Crosby Benefit Systems, Inc. is an administrator of benefit programs with a focus on higher education and health care institutions, based in Newton, Massachusetts.

Buy -
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