Like Admin Business

announced 3/31/2017 via Market Wire

Smart Employee Benefits Inc., will purchase Admin Business from Aon plc

See 241 Comparable Transactions
synopsis: SEB is pleased to announce it has entered into an agreement with Aon Hewitt Inc. to acquire Aon Hewitt's mid-market health and welfare administration business in Canada (the "Admin Business"). This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.
buyer: Smart Employee Benefits Inc. (TSXV:SEB:$77.53)
Smart Employee Benefits Inc. (SEB) is a technology company that provides business processes software, solutions and services to corporate and government clients with specialty practices focused on managing group benefit solutions and health claims processing environments. "
 seller: Aon plc (NYSE:AON:$12,193.00)
Aon Hewitt's Admin Business is a mid-market health and welfare administration business in Canada. This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/10/2017 via BusinessWire

Blackstone Group LP, will purchase Technology-Enabled Benefits & HR Platform from Aon plc

See 4258 Comparable Transactions
synopsis: Blackstone announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Aon plc’s technology-enabled benefits and human resources platform. The business is the largest benefits administration platform in the United States and a leading services provider for cloud-based HR management systems.
buyer: Blackstone Group LP (BX:$16,433.94)
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. They use extraordinary people and flexible capital to help companies solve problems. "
 seller: Aon plc (NYSE:AON:$12,193.00)
Aon plc is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Its technology-enabled benefits and human resources platform is the largest benefits administration platform in the United State.
price ($mm)
$4,300
rev ($mm)
$2,260
EBITDA ($mm)
$396
EV / rev
2.1x
EV / EBITDA
12.1x
closed 9/19/2018 via PR Newswire

CoAdvantage, acquired Remedy Employer Services

See 159 Comparable Transactions
synopsis: CoAdvantage Corporation, a leading national provider of strategic human resource solutions for small to mid-sized companies, announced that it has acquired Florida-based Remedy Employer Services. The acquisition creates a combined platform serving approximately 4,500 clients and more than 90,000 work site employees.
buyer parent: CIP Capital
buyer: CoAdvantage
CoAdvantage, Inc. is a leader in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. CoAdvantage is also a portfolio company of Morgan Stanley Private Equity. "
 target: Remedy Employer Services
Remedy is a Florida-based Professional Employer Organization (PEO) with over 8 years of experience in providing payroll administration, workers' compensation, employee benefits and human resource solutions to small-to-medium size businesses in the Bradenton area.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/13/2018 via PE Hub

H.I.G. Capital, acquired Buck Consultants, Inc.

See 587 Comparable Transactions
synopsis: Buck Consultants, an integrated HR consulting, benefits administration and technology services firm, announced that it has completed its previously announced sale to an investment fund managed by H.I.G. Capital.
buyer: H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with over $25 billion of equity capital under management. The H.I.G. family of funds includes private equity, growth equity, real estate, debt/credit, lending and biohealth. "
 target parent: Conduent, Inc.
target: Buck Consultants, Inc.
Buck Consultants is an integrated HR consulting, benefits administration, and technology services provider. Buck is focused on helping its clients realize the best organizational performance for their business while driving positive health, wealth, and career outcomes for their people.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/13/2019 via BNC Analysis

OpenMoney Benefits, acquired Jargonfree Benefits LLP

See 8 Comparable Transactions
synopsis: OpenMoney, a UK company that combines expert financial advice with intuitive tools to help clients make the most of their money, acquired Jargonfree Benefits, a UK company that helps firms extend workplace benefits to their employees by providing a single platform with a wide range of workplace benefits.
buyer: OpenMoney Benefits
Headquartered in the UK, OpenMoney combines expert financial advice with intuitive tools to help clients make the most of their money. Their money management tools help clients get their spending in check and expert advisers and low annual investment fees help them reach their financial goals. "
 target: Jargonfree Benefits LLP
Headquartered in the UK, Jargonfree Benefits helps firms extend workplace benefits to their employees. By providing a single platform with a wide range of workplace benefits, they have made it easier for employers to manage a suite of valuable and valued workplace benefits for their employees.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2021 via BNC Analysis

High Street Insurance Partners, acquired The Elite Group

See 59 Comparable Transactions
synopsis: Full-service insurance brokerage, High Street Insurance Partners (HSIP), announced the acquisition of Malvern, Pennsylvania-based Employee Benefits broker, The Elite Group (Elite). Established in 2001, Elite is a single source Employee Benefits Consulting, Human Resources, Benefits Administration, Payroll, Property & more all under one roof.
buyer: High Street Insurance Partners
High Street Insurance Partners (HSIP) is a full-service independent insurance brokerage firm. They provide a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and more through community-focused agencies. "
 target: The Elite Group
The Elite Group is a single source solution, partnering with companies to provide Employee Benefits Consulting, Human Resources, Benefits Administration, Payroll, Property & Casualty and Voluntary Benefits all under one roof.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2020 via Company Press Release

Alera Group, acquired Jdm Benefits

See 43 Comparable Transactions
synopsis: Alera Group, a national employee benefits, property and casualty, retirement services, and wealth management firm, has acquired JDM Benefits, a provider of insurance and benefits software and solutions. The acquisition of JDM Benefits will expand Alera Group's service offerings throughout the Northeast region of the United States.
buyer: Alera Group
Alera Group is an independent, national insurance and financial services firm. Alera Group’s over 2,000 employees serve thousands of clients nationally in employee benefits, property and casualty, retirement services, and wealth management. "
 target: Jdm Benefits
JDM Benefits offers unique solutions tailored to each organization’s insurance and benefits needs. The company's services include consultancy for employee benefits and compliance, an integrated software platform for HR processes, HR360—a state-of-the-art online human resources library, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/31/2020 via Company Press Release

EBC HR & Payroll Solutions, Inc., acquired ComputerSearch Payroll, Time, & Parking

See 59 Comparable Transactions
synopsis: EBC HR & Payroll Solutions, Inc., a leading employee benefit consulting and human capital management firm, has acquired ComputerSearch, a payroll processing and time management company. The acquisition of ComputerSearch allows EBC to provide an unmatched level of offerings and level of service for human capital management.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: EBC HR & Payroll Solutions, Inc.
EBC is a leading employee benefit consulting and human capital management firm. EBC supports organizations by supplying them with a full suite of business solutions, encompassing everything from technology to individual consulting on all aspects of Human Capital Management. "
 target: ComputerSearch Payroll, Time, & Parking
ComputerSearch is a payroll processing and time management company. ComputerSearch provides payroll services, time & attendance, employee benefits, and parking control systems to over 4000 client businesses in Western New York and beyond.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/8/2019 via BusinessWire

Entertainment Benefits Group, LLC, acquired Beneplace, LLC

See 25 Comparable Transactions
synopsis: Entertainment Benefits Group (EBG), one of the fastest growing e-commerce companies in the United States specializing in travel and entertainment, has acquired Beneplace, a leading platform provider that supports Fortune 1000 companies, government agencies, and other large organizations.
buyer: Entertainment Benefits Group, LLC
Entertainment Benefits Group (EBG) is an e-commerce company that specializes in entertainment, travel, and merchandising products and services through its proprietary platforms, including the largest entertainment perks brands, TicketsatWork, Plum Benefits, and Working Advantage. "
 target: Beneplace, LLC
Beneplace is a premiere voluntary benefits platform provider. Through an employee discount platform, Beneplace offers well-known products and services, such as consumer electronics, vacations, apparel, automobiles, tax preparation, financial services, and many other employer perks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/30/2019 via BusinessWire

HealthEquity, Inc., will acquire WageWorks, Inc.

See 7 Comparable Transactions
synopsis: HealthEquity, Inc., the nation's largest independent health savings account custodian, has made a proposal to acquire all of the outstanding shares of WageWorks, Inc., a leader in administering Consumer-Directed Benefits, which empower employees to save money on taxes while also providing corporate tax advantages for employers.
buyer: HealthEquity, Inc. (HQY:$746.60)
HealthEquity connects health and wealth, delivering health savings account (HSA) and other consumer driven health and retirement solutions in partnership with over 45,000 employers and 141 health, retirement and other benefit plan providers nationwide. "
 target: WageWorks, Inc. (WAGE:$475.20)
WageWorks is a leader in administering Consumer-Directed Benefits, which empower employees to save money on taxes while also providing corporate tax advantages for employers. WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts.
price ($mm)[EV]
$2,085 [$1,340]
rev ($mm)
$464
EBITDA ($mm)
$79
EV / rev
2.9x
EV / EBITDA
17.1x
closed 11/25/2014 via BusinessWire

Aetna Inc., acquired Bswift

See 109 Comparable Transactions
synopsis: Aetna announced that it has completed its acquisition of privately held bswift, which provides a technology platform that offers a retail shopping experience for health insurance exchanges and employers nationwide. Additionally, bswift offers benefits administration technology and services to employers.
buyer: Aetna Inc. (AET:$60,705.00)
Aetna is one of the nation's leading diversified health care benefits companies, serving an estimated 46 million people with information and resources to help them make better informed decisions about their health care. "
 target: Bswift
bswift provides a technology platform that offers a retail shopping experience for health insurance exchanges and employers nationwide. Additionally, bswift offers benefits administration technology and services to employers.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/23/2011 via BNC Analysis

Triton HR LLC merged with Connelly Carlisle Fields & Nichols,

See 493 Comparable Transactions
synopsis: Connelly, Carlisle, Fields & Nichols (CCF&N), Clearwater, Fla., an insurance agency, has acquired Triton HR L.L.C., Oldsmar, Fla, a payroll services, benefits and outsourcing firm, through a merger. CCF&N expects to acquire administrative services capabilities and about 60 client relationships as a result of the deal.
buyer: Connelly Carlisle Fields & Nichols
Connelly, Carlisle, Fields & Nichols offers insurance and risk management solutions to more than 6,000 individuals, families and commercial clients. "
 target: Triton HR LLC
Triton HR LLC, a payroll outsourcing, human resource (HR), and benefit brokerage company, provides a software application for integrating payroll software, benefits administration, and human resource consulting services for mid-market companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/29/2008 via GlobeNewswire

People Corporation, acquired Apri Group

See 59 Comparable Transactions
synopsis: People Corporation, a Canadian national provider of group benefits, group retirement, and human resource services, has acquired the Apri Group, a group benefits consulting firm in Canada that owns GroupQuest and has developed JungoHR, a platform that offers a human resources information system focused on mid-sized and enterprise-level businesses.
buyer: People Corporation (TSXV:PEO:$117.59)
People Corporation is a Canadian national provider of group benefits, group retirement, and human resource services. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. "
 target: Apri Group
Apri Group is a group benefits consulting firm in Canada. It serves over 600 businesses, while its firm GroupQuest, serves 600 group benefits advisors. Apri has also developed the JungoHR platform, offering a human resources information system focused on mid-sized and enterprise-level businesses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/16/2020 via Company Press Release

OneDigital Health & Benefits, acquired Resourceful HR, LLC

See 413 Comparable Transactions
synopsis: OneDigital, the nation’s leading strategic advisory firm focused on driving business growth for employers of all sizes, has acquired Resourceful HR, a human resource consulting company, located in Seattle, Washington.
buyer: OneDigital Health & Benefits
OneDigital is the nation’s largest company focused exclusively on employee benefits. OneDigital offers employers a sophisticated combination of strategic advisory services, analytics, compliance support, human resource capital management tools and comprehensive insurance offerings. "
 target: Resourceful HR, LLC
Resourceful provides HR services to impact-focused organizations in the Pacific Northwest. Resourceful’s team members have expertise spanning the full spectrum of HR, from recruiting and compliance to compensation and benefits, employee relations, leadership development, and HR technology.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/19/2020 via PR Newswire

Group Management Services, acquired Corporate Business Solutions

See 911 Comparable Transactions
synopsis: Group Management Services (GMS), a Professional Employer Organization (PEO), has acquired Corporate Business Solutions (CBS), a human resources outsourcing provider. CBS provides tailored HR and payroll solutions that help their clients to save money and identify and retain talent.
buyer: Group Management Services
Group Management Services (GMS) is a Professional Employer Organization (PEO). GMS provides comprehensive HR solutions to companies of all sizes throughout the United States. Their services include payroll, HR, risk management, and benefits. "
 target: Corporate Business Solutions
Corporate Business Solutions (CBS) is a human resources outsourcing provider. CBS provides tailored HR and payroll solutions that help their clients to save money and identify and retain talent. Their iManage software solution enables organizations to improve and streamline their HR department.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/29/2020 via GlobeNewswire

Ceridian Corporation, acquired Excelity

See 413 Comparable Transactions
synopsis: Ceridian, a global leader in human capital management (HCM) technology, has acquired Excelity, an Asia-based HCM service provider from the Everstone Group. Excelity operates its proprietary native payroll platform around the APAC region delivered through the Managed Services, Platform as a Service (PaaS) and Software as a Service (SaaS) models.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Ceridian Corporation (:$964.90)
Ceridian is a global human capital management software company. Dayforce, their flagship cloud Human Capital Management (HCM) platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. "
 target parent: Everstone Capital Management
target: Excelity
Excelity is an Asia-based human capital management service provider. It operates its proprietary native payroll platform around the APAC region delivered through the Managed Services, Platform as a Service (PaaS) and Software as a Service (SaaS) models.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/15/2020 via PR Newswire

World Mode Holdings Co. Ltd, acquired People Link Vietnam

See 413 Comparable Transactions
synopsis: World Mode Holdings Co. Ltd (WMH), a Tokyo based total solution company specialized in the fashion and cosmetic industries, announced its acquisition of People Link Joint Stock Company, a leading human resources company in Vietnam.
buyer: World Mode Holdings Co. Ltd
World Mode Holdings Co. Ltd (WMH) is a Tokyo based total solution company specialized in the fashion and cosmetic industries. From human resources to education, store operations, marketing, consultation and more...The Group holds a spectrum of specialists with rich expertise in the fashion business."
 target: People Link Vietnam
Founded in 2001, People Link JSC is a leading provider of diversified contracting services that provides unique solutions in areas like recruitment, outsourcing, payroll, training & employees satisfaction. They are based in Vietnam.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/31/2019 via Company Press Release

Gerry and Jason Pierce, will acquire HR Works

See 413 Comparable Transactions
synopsis: HR Works Inc., a human resource management outsourcing and consulting firm, announced that it has agreed to be acquired by Gerry Pierce, the former chief of Wegmans Food Markets’ HR organization and his son Jason Pierce, also a former Wegmans employee.
buyer: Gerry and Jason Pierce
Gerry Pierce is the former chief of Wegmans Food Markets’ HR organization and his son Jason Pierce is also a former Wegmans employee. They are based in Rochester, NY. "
 target: HR Works
HR Works, headquartered in New York, is a human resource management outsourcing and consulting firm serving clients throughout the United States. HR Works provides affirmative action services; benefits administration outsourcing; payroll support; HR audits; talent management services and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/22/2017 via BusinessWire

Eknovate merged with Feuji,

See 1962 Comparable Transactions
synopsis: Feuji, Inc. and Eknovate, Inc. announced a merger of their businesses under the Feuji brand. Feuji is a global technology and cloud services company. Eknovate is a technology & services company that helps design, implement and manage customized solutions for their clients’ unique outsourcing requirements.
buyer: Feuji
Feuji is a global technology and cloud services company with operations in multiple geographies and specialization across various domains. They deliver Salesforce Consulting, Supply Chain Management, and Strategic Staffing solutions that have a measurable positive impact on their clients’ revenue. "
 target: Eknovate
Eknovate is a technology and services company that enables innovative solutions for their clients across Telecom, Technology, Insurance, Financial Services, Healthcare and SME Sectors. They help design, implement and manage customized solutions for their clients’ unique outsourcing requirements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2017 via PR Newswire

Paychex, Inc., acquired HR Outsourcing, Inc.

See 413 Comparable Transactions
synopsis: Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses, announced the acquisition of HR Outsourcing Holdings, Inc. (HROI). HROI is a national professional employer organization that provides human resource solutions to small and medium-sized businesses.
buyer: Paychex, Inc. (PAYX:$4,207.50)
Paychex, Inc. is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its software technology and mobility platform, Paychex helps smal and medium-sized business owners focus on the management of their business. "
 target: HR Outsourcing, Inc.
HR Outsourcing Inc. (HROI) is a professional employer organization that develops HR solutions tailored to clients' business objectives and employee needs. HROI builds custom solutions that optimize HR operations for businesses across the country.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
closed 3/2/2022 via PR Newswire

Aon plc, acquired RPC Tyche

See 267 Comparable Transactions
synopsis: Aon plc, a leading global professional services firm, announced it has acquired actuarial software platform Tyche from technology and software firm RPC Tyche. Tyche is a specialist in developing customized risk and capital modelling software for actuaries, quantitative analysts and risk teams.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is UK's leading professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. "
 target parent: RPC Consulting
target: RPC Tyche
RPC Tyche is the technology software and consulting company behind the award-winning software Tyche, a specialist in developing customized risk and capital modelling software for actuaries, quantitative analysts and risk teams.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/5/2020 via BNC Analysis

Sovos Compliance, acquired Booke Seminars

See 11 Comparable Transactions
synopsis: Global tax software provider Sovos announced it has acquired Booke Seminars, which provides critically important educational seminars to employees of insurance companies and the Internal Revenue Service (IRS) on topics across property, casualty, life and health insurance sectors.
buyer parent: HgCapital
buyer: Sovos Compliance
Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern tax. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting."
 target parent: Aon plc
target: Booke Seminars
Booke Seminars provides critically important educational seminars to employees of insurance companies and the Internal Revenue Service (IRS) on topics across property, casualty, life and health insurance sectors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/27/2019 via PR Newswire

Aon plc, will acquire CoverWallet, Inc.

See 3 Comparable Transactions
synopsis: Aon plc, a leading UK professional services firm providing a broad range of risk, retirement and health solutions, will acquire CoverWallet, the leading tech company reinventing the multi-billion dollar commercial insurance market for businesses.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is UK's leading professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. "
 target: CoverWallet, Inc.
CoverWallet is the leading tech company reinventing the multi-billion dollar commercial insurance market for businesses. Powered by deep analytics, thoughtful design, and state-of-the-art technology, CoverWallet makes it easy to understand, buy, and manage business insurance online.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/25/2018 via Company Press Release

Aon plc, acquired Inspiring Benefits, S.L.

See 167 Comparable Transactions
synopsis: Aon Iberia, part of global professional services firm Aon has announced that it has acquired Inspiring Benefits, a leading Spanish firm specialized in employee loyalty, wellbeing and rewards programs for clients across a wide variety of industries, including a number of IBEX 35 firms.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. "
 target parent: Springwater Capital LLC
target: Inspiring Benefits, S.L.
Inspiring Benefits, S.L. owns an online portal which provides special rates and discount deals on textile, food, leisure, insurance, electronics, gymnasiums. The company is based in Madrid, Spain.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/4/2017 via Market Wire

Aon plc, acquired cut-e GmbH

See 51 Comparable Transactions
synopsis: Aon plc announced it has acquired cut-e a global leader in online talent assessments based in Hamburg, Germany. cut-e assesses more than 12 million candidates across more than 70 countries each year through its proprietary psychometric talent assessment tools and advisory services enabling clients to make better screening and selection decisions.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. "
 target: cut-e GmbH
Founded in 2002, cut-e is a world leader in the design and implementation of innovative online tests, questionnaires and gamified assessments for attraction, recruitment, selection and development. They undertake 12 million assessments each year in over 70 countries and 40 languages.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/31/2017 via Market Wire

Smart Employee Benefits Inc., will purchase Admin Business from Aon plc

See 241 Comparable Transactions
synopsis: SEB is pleased to announce it has entered into an agreement with Aon Hewitt Inc. to acquire Aon Hewitt's mid-market health and welfare administration business in Canada (the "Admin Business"). This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.
buyer: Smart Employee Benefits Inc. (TSXV:SEB:$77.53)
Smart Employee Benefits Inc. (SEB) is a technology company that provides business processes software, solutions and services to corporate and government clients with specialty practices focused on managing group benefit solutions and health claims processing environments. "
 seller: Aon plc (NYSE:AON:$12,193.00)
Aon Hewitt's Admin Business is a mid-market health and welfare administration business in Canada. This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2017 via BNC Analysis

Aon plc, acquired Finaccord Ltd.

See 16 Comparable Transactions
synopsis: Aon plc completed the transaction to acquire Finaccord Limited, a market research, publishing and consulting company specialising in insurance and other financial services. Finaccord provides their clients with insight with a particular focus on marketing and distribution strategies, including affinity and partnership marketing.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. "
 target: Finaccord Ltd.
Finaccord is a leading market research, publishing and consulting company specialising in insurance and other financial services. They provide their clients with insight with a particular focus on marketing and distribution strategies, including affinity and partnership marketing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/10/2017 via BusinessWire

Blackstone Group LP, will purchase Technology-Enabled Benefits & HR Platform from Aon plc

See 4258 Comparable Transactions
synopsis: Blackstone announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Aon plc’s technology-enabled benefits and human resources platform. The business is the largest benefits administration platform in the United States and a leading services provider for cloud-based HR management systems.
buyer: Blackstone Group LP (BX:$16,433.94)
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. They use extraordinary people and flexible capital to help companies solve problems. "
 seller: Aon plc (NYSE:AON:$12,193.00)
Aon plc is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Its technology-enabled benefits and human resources platform is the largest benefits administration platform in the United State.
price ($mm)
$4,300
rev ($mm)
$2,260
EBITDA ($mm)
$396
EV / rev
2.1x
EV / EBITDA
12.1x
closed 11/16/2016 via BNC Analysis

Aon plc, acquired CoCubes.com

See 2706 Comparable Transactions
synopsis: Aon Hewitt, the global talent, retirement and health solutions business of Aon Plc, has acquired CoCubes, a hiring assessment company based in India focused at entry level. They run assessments to measure employability across all domains - from programming to plumbing.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Aon unites to empower results for clients via effective risk and people solutions and through global resources and technical expertise. "
 target: CoCubes.com
CoCubes.com is India's leading assessment and hiring platform. They run assessments to measure employability across all domains - from programming to plumbing. They are based in Gurgaon.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/8/2016 via PR Newswire

Aon plc, acquired Modern Survey

See 494 Comparable Transactions
synopsis: Aon Hewitt, the talent, retirement and health solutions business of Aon plc, announced it has acquired Modern Survey, an employee survey and talent analytics solutions provider that enables companies to more effectively understand their workforce and drive business performance by creating an aggregated, holistic view of the employee lifecycle.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Aon unites to empower results for clients via effective risk and people solutions and through global resources and technical expertise. "
 target: Modern Survey
Modern Survey is an employee survey and talent analytics solutions provider that enables companies to more effectively understand their workforce and drive business performance by creating an aggregated, holistic view of the employee lifecycle.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2015 via PR Newswire

Aon plc, acquired Kloud

See 25 Comparable Transactions
synopsis: Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, announced the acquisition of UK-based Kloud, the largest dedicated Workday consultancy outside the U.S. Kloud is a leading Workday partner specializing in deployment and application management.
buyer: Aon plc (NYSE:AON:$12,193.00)
Aon plc is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Aon unites to empower results for clients via effective risk and people solutions and through global resources and technical expertise. "
 target: Kloud
Kloud is the largest dedicated Workday consultancy outside the U.S. Kloud, a leading Workday partner specializing in deployment and application management, is the implementation partner for many European companies who have shifted to Workday.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/3/2014 via PR Newswire

Symphony Technology Group, acquired Aon eSolutions

See 1333 Comparable Transactions
synopsis: Aon Risk Solutions, the global risk management business of Aon plc, announced it has sold Aon eSolutions, Inc., its risk management information systems business unit, to an affiliate of Palo Alto-based Symphony Technology Group.
buyer: Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. STG also provides transformation expertise to enable its companies to deliver maximum value to its clients. "
 target parent: Aon plc
target: Aon eSolutions
Aon eSolutions is the technology solutions business of Aon plc and provides cloud-based and on-premises business solutions designed and built for the specific security, performance and compliance needs of the risk, insurance and safety management community.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/22/2012 via PR Newswire

Aon Corporation, will acquire OmniPoint

See 1894 Comparable Transactions
synopsis: Aon Hewitt, the global human resources solutions business of Aon plc, announced its intention to acquire OmniPoint's Workday Services company, a leading deployment and integration firm and key partner of Workday, a market leader in Software as a Service (SaaS) HR solutions.
buyer: Aon Corporation (NYSE:AON:$12,193.00)
Aon Corporation is the global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 associates worldwide, Aon delivers distinctive client value via effective risk management and workforce productivity solutions. "
 target: OmniPoint
OmniPoint is an Information Technology services provider offering two types of services: Workday Deployment Services and IT Staffing Services. Through its partnership with Workday, OmniPoint helps companies that are looking to deploy solutions for Human Resources, Payroll and Financial Management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/19/2007 via PR Newswire

Aon Consulting, acquired Valley Oak Systems

See 317 Comparable Transactions
synopsis: Aon Corporation has completed the acquisition of Valley Oak Systems of San Ramon, California. The terms of the transaction were not disclosed. Valley Oak Systems, a leader in claims management software, services, and support for the insurance industry, will operate under the Aon eSolutions Group as an independent subsidiary.
buyer: Aon Consulting (NYSE:AON:$12,193.00)
Aon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon's 500 offices in more than 120 countries. "
 target: Valley Oak Systems
Valley Oak Systems provides high quality software that enables its clients to achieve outstanding claims management performance. Due to its client-focused approach, Valley Oak has established itself as an industry leader, and its iVOS claims system has been recognized for its business impact.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2007 via PR Newswire

Aon Consulting, acquired Z/Yen Limited

See 25 Comparable Transactions
synopsis: Aon Consulting, the human capital consulting organization of Aon Corporation, announced that its subsidiary, McLagan Partners, has completed the acquisition of Z/Yen Limited, a London-based market intelligence firm.
buyer: Aon Consulting (NYSE:AON:$12,193.00)
Aon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon's 500 offices in more than 120 countries. "
 target: Z/Yen Limited
Z/Yen helps organisations make better choices. Our name combines Zen and Yen - “a philosophical desire to succeed” - in a ratio, recognising that all decisions are trade-offs. Z/Yen’s mission is to be the foremost risk/reward management firm.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/3/2019 via PR Newswire

Somos, Inc., acquired 10X People

See 173 Comparable Transactions
synopsis: Somos, Inc., a provider of trusted, neutral numbering and registry administration services for the telecommunications industry, has announced the acquisition of the software development and consulting business of 10X People, LLC, a leading provider of customized technical solutions and innovative numbering products.
buyer parent: Smart Employee Benefits Inc.
buyer: Somos, Inc.
Based in Canada, Somos, a leading provider of trusted, neutral numbering and registry administration services for the telecommunications industry, enables data integrity and access to fuel innovation and growth. "
 target: 10X People
10x People is a software company focused on building outstanding quality software products and custom software for their clients in the telecommunications industry. The addition of the 10x Process results in high value, low risk solutions for their customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/26/2018 via PE Hub

Golden Opportunities Fund Inc., will acquire Paradigm Consulting Group

See 7836 Comparable Transactions
synopsis: Smart Employee Benefits Inc. will sell Paradigm Consulting Group Inc. to Golden Opportunities Fund Inc., managed by Westcap Mgt. Ltd. Paradigm, a business consulting service company offers their customers a wide range of services including project management, business analysis, application services and business consulting.
buyer: Golden Opportunities Fund Inc.
Golden Opportunities Fund is Saskatchewan’s first Provincial Retail Venture Capital Fund that invests into Saskatchewan companies. The Fund's objective is to achieve long-term capital appreciation for shareholders by investing in equity and subordinated debt in small and medium-sized businesses. "
 target parent: Smart Employee Benefits Inc.
target: Paradigm Consulting Group
Paradigm provides management and information technology consulting services to healthcare, insurance, financial services, public sector, telecom and energy clients. It is a market leader for delivering management consulting, portfolio/program/project management and application technology services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/31/2017 via Market Wire

Smart Employee Benefits Inc., will purchase Admin Business from Aon plc

See 241 Comparable Transactions
synopsis: SEB is pleased to announce it has entered into an agreement with Aon Hewitt Inc. to acquire Aon Hewitt's mid-market health and welfare administration business in Canada (the "Admin Business"). This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.
buyer: Smart Employee Benefits Inc. (TSXV:SEB:$77.53)
Smart Employee Benefits Inc. (SEB) is a technology company that provides business processes software, solutions and services to corporate and government clients with specialty practices focused on managing group benefit solutions and health claims processing environments. "
 seller: Aon plc (NYSE:AON:$12,193.00)
Aon Hewitt's Admin Business is a mid-market health and welfare administration business in Canada. This Admin Business represents 48 clients, many with globally recognized brands, representing over 250,000 plan members across Canada.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/11/2015 via Market Wire

SOMOS Consulting Group Ltd., will acquire Maplesoft Group

See 7836 Comparable Transactions
synopsis: Smart Employee Benefits Inc. is pleased to announce it has, through its wholly-owned subsidiary, SOMOS Consulting Group Ltd., entered into an agreement to acquire 100% of Maplesoft Group Inc., a company that provides systems integration services to businesses globally.
buyer parent: Smart Employee Benefits Inc.
buyer: SOMOS Consulting Group Ltd.
SOMOS Consulting Group Ltd. is a dynamic consulting and training company located in Ottawa, and Toronto, Canada. SOMOS' team of experienced senior management consulting and IT professionals provide solutions that address the needs of technology- and business-based organizations. "
 target: Maplesoft Group
Maplesoft helps clients successfully execute their business strategies and achieve measurable results through the innovative and collaborative delivery of professional consulting services. Maplesoft can help optimize and transform IT and business environments with their array of global resources.
price ($mm)[EV]
$9.75 [$15.75]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/9/2015 via PR Newswire

Smart Employee Benefits Inc., acquired Paradigm Consulting Group

See 7910 Comparable Transactions
synopsis: Smart Employee Benefits Inc. completed its acquisition of Regina-based Paradigm Consulting Group. The deal also includes Paradigm's office in Winnipeg. Paradigm provides management consulting, change management, and application and IT services to corporate and government clients throughout the Canadian Prairie Provinces.
buyer: Smart Employee Benefits Inc. (TSXV:SEB:$77.53)
Smart Employee Benefits Inc. (SEB) is a technology company that provides business processes software, solutions and services to corporate and government clients with specialty practices focused on managing group benefit solutions and health claims processing environments. "
 target: Paradigm Consulting Group
Paradigm provides management and information technology consulting services to healthcare, insurance, financial services, public sector, telecom and energy clients. It is a market leader for delivering management consulting, portfolio/program/project management and application technology services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/7/2022 via GlobeNewswire

OnCentive, acquired SyncStream Solutions, LLC

See 469 Comparable Transactions
synopsis: OnCentive, a leader in tax credits and business incentives, announced that it has completed the acquisition of SyncStream Solutions, LLC, the first-to-market comprehensive ACA compliance and reporting technology platform. SyncStream's tracking solution monitors the ACA (Affordable Care Act) status of part-time and seasonal employees in real-time.
buyer: OnCentive
OnCentive is a consulting firm that helps businesses maximize government incentives and tax credits to increase their profitability. Leveraging their leaderships' 100 years of combined credit expertise, OnCentive captured $1.5 billion in government incentives for clients. "
 target: SyncStream Solutions, LLC
SyncStream's tracking solution monitors the ACA (Affordable Care Act) status of part-time and seasonal employees in real-time to determine if the business qualifies for applicable large employer status, and which employees qualify for employee-sponsored coverage.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/17/2022 via Company Press Release

Vera Whole Health, acquired Castlight Health, Inc.

See 533 Comparable Transactions
synopsis: Vera Whole Health, Inc., a leader in advanced primary care, has acquired Castlight Health, Inc., a health navigation platform that simplifies the complexities of healthcare. Castlight partners with Fortune 500 companies and health plans to transform employee and member benefits into one comprehensive health and wellbeing experience.
buyer parent: Clayton, Dubilier & Rice
buyer: Vera Whole Health
Vera Whole Health is a leader in advanced primary care. Vera’s primary care model aims to address patient overall health, including physical, mental and social health, while providing cost efficiency for employers and payers. "
 target: Castlight Health, Inc. (CSLT:$131.43)
Castlight is a health navigation platform that simplifies the complexities of healthcare. Castlight partners with Fortune 500 companies and health plans to transform employee and member benefits into one comprehensive health and wellbeing experience to deliver better health outcomes.
price ($mm)[EV]
$368 [$312]
rev ($mm)
$143
EBITDA ($mm)
$0
EV / rev
2.2x
EV / EBITDA
3492.7x
closed 11/17/2021 via GlobeNewswire

Benefitfocus, Inc., acquired Tango Health

See 453 Comparable Transactions
synopsis: Benefitfocus, Inc., an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announced it has acquired Tango Health, an innovative software and services company offering Affordable Care Act (ACA) compliance and benefit decision support solutions.
buyer: Benefitfocus, Inc. (BNFT:$264.22)
Benefitfocus unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. "
 target: Tango Health
Tango Health is a leading software and services company focused on supporting organizations to deliver a better benefits experience. Tango Health’s flexible solutions include decision support, benefits engagement, virtual open enrollment, and full-service ACA compliance and reporting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/20/2021 via PR Newswire

Paychex, Inc., acquired Flock

See 464 Comparable Transactions
synopsis: Paychex, Inc., a leading provider of integrated human capital management software solutions, has acquired Flock, a leading HRIS and benefits platform. Flock provides a paperless and automated system for onboarding and managing employees. Their platform provides solutions for goal management, employee engagement, time-off, task management, and more.
buyer: Paychex, Inc. (PAYX:$4,207.50)
Paychex, Inc. is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its software technology and mobility platform, Paychex helps small and medium-sized business owners focus on the management of their business. "
 target: Flock
Flock is a leading HRIS and benefits platform. Flock provides a paperless and automated system for onboarding and managing employees. Their platform provides solutions for goal management, employee engagement, time-off, task management, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2021 via Company Press Release

FPE Capital LLP, acquired Zest Technology Ltd.

See 442 Comparable Transactions
synopsis: UK-based FPE Capital LLP, the software & services focused lower mid-market growth investor, has acquired Zest Technology, a leading British employee benefits SaaS software provider. FPE will allow Zest to accelerate its growth within the sizeable and expanding UK market, as well as internationally.
buyer: FPE Capital LLP
UK-based FPE is a growth private equity investor focused on the software and services sectors. It invests in lower mid-market UK and Irish software and services companies with advantaged business models that offer significant growth potential in large markets that are undergoing structural change. "
 target parent: Fintel plc
target: Zest Technology Ltd.
Zest Technology is a leading UK-based employee benefits SaaS software provider. Zest’s award-winning platform enables businesses to efficiently deliver and administer their employee benefits schemes and allows employees to view and easily manage their selection of these benefits.
price ($mm)
$14
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2021 via BNC Analysis

High Street Insurance Partners, acquired The Elite Group

See 59 Comparable Transactions
synopsis: Full-service insurance brokerage, High Street Insurance Partners (HSIP), announced the acquisition of Malvern, Pennsylvania-based Employee Benefits broker, The Elite Group (Elite). Established in 2001, Elite is a single source Employee Benefits Consulting, Human Resources, Benefits Administration, Payroll, Property & more all under one roof.
buyer: High Street Insurance Partners
High Street Insurance Partners (HSIP) is a full-service independent insurance brokerage firm. They provide a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and more through community-focused agencies. "
 target: The Elite Group
The Elite Group is a single source solution, partnering with companies to provide Employee Benefits Consulting, Human Resources, Benefits Administration, Payroll, Property & Casualty and Voluntary Benefits all under one roof.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/15/2021 via BusinessWire

WEX Inc., will acquire Benefit Express Services, LLC

See 442 Comparable Transactions
synopsis: WEX, a leading financial technology service provider, is to acquire benefitexpress, a leading provider of highly configurable, cloud-based benefits administration technologies and services.
buyer: WEX Inc. (WEX:$1,553.37)
Powered by the belief that complex payment systems can be made simple, WEX is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. "
 target parent: LLR Partners
target: Benefit Express Services, LLC
benefitexpress is a market-leading benefits administration solutions provider with first-class customer service, industry-leading technology and deep domain knowledge.
price ($mm)
$275
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2020 via Company Press Release

Alera Group, acquired Jdm Benefits

See 43 Comparable Transactions
synopsis: Alera Group, a national employee benefits, property and casualty, retirement services, and wealth management firm, has acquired JDM Benefits, a provider of insurance and benefits software and solutions. The acquisition of JDM Benefits will expand Alera Group's service offerings throughout the Northeast region of the United States.
buyer: Alera Group
Alera Group is an independent, national insurance and financial services firm. Alera Group’s over 2,000 employees serve thousands of clients nationally in employee benefits, property and casualty, retirement services, and wealth management. "
 target: Jdm Benefits
JDM Benefits offers unique solutions tailored to each organization’s insurance and benefits needs. The company's services include consultancy for employee benefits and compliance, an integrated software platform for HR processes, HR360—a state-of-the-art online human resources library, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/13/2020 via BNC Analysis

Equiniti Limited, acquired Monidee

See 493 Comparable Transactions
synopsis: Equiniti Group plc, an international technology-led services and payments specialist, is delighted to announce the acquisition of Monidee, an employee share plans technology business based in Amsterdam.
buyer: Equiniti Limited (LSE:EQN:$669.57)
Equiniti is a specialist outsourcer delivering technology-enabled solutions to some of the UK’s brands and public sector organisations. They offer share registration and associated investor services, employee share plan administration, pension administration and software, & employee benefit schemes."
 target: Monidee
MonIdee is a leading B2B Fintech software solution provider of Employee Reward Plan, Financial Participation and Compliance Solutions. Monidee’s web-based platform tOption has been designed and fine-tuned to meet the needs of a wide range of companies worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/31/2020 via Company Press Release

EBC HR & Payroll Solutions, Inc., acquired ComputerSearch Payroll, Time, & Parking

See 59 Comparable Transactions
synopsis: EBC HR & Payroll Solutions, Inc., a leading employee benefit consulting and human capital management firm, has acquired ComputerSearch, a payroll processing and time management company. The acquisition of ComputerSearch allows EBC to provide an unmatched level of offerings and level of service for human capital management.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: EBC HR & Payroll Solutions, Inc.
EBC is a leading employee benefit consulting and human capital management firm. EBC supports organizations by supplying them with a full suite of business solutions, encompassing everything from technology to individual consulting on all aspects of Human Capital Management. "
 target: ComputerSearch Payroll, Time, & Parking
ComputerSearch is a payroll processing and time management company. ComputerSearch provides payroll services, time & attendance, employee benefits, and parking control systems to over 4000 client businesses in Western New York and beyond.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/8/2019 via BusinessWire

Entertainment Benefits Group, LLC, acquired Beneplace, LLC

See 25 Comparable Transactions
synopsis: Entertainment Benefits Group (EBG), one of the fastest growing e-commerce companies in the United States specializing in travel and entertainment, has acquired Beneplace, a leading platform provider that supports Fortune 1000 companies, government agencies, and other large organizations.
buyer: Entertainment Benefits Group, LLC
Entertainment Benefits Group (EBG) is an e-commerce company that specializes in entertainment, travel, and merchandising products and services through its proprietary platforms, including the largest entertainment perks brands, TicketsatWork, Plum Benefits, and Working Advantage. "
 target: Beneplace, LLC
Beneplace is a premiere voluntary benefits platform provider. Through an employee discount platform, Beneplace offers well-known products and services, such as consumer electronics, vacations, apparel, automobiles, tax preparation, financial services, and many other employer perks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2019 via Company Press Release

CNO Financial Group, acquired Web Benefits Design Corporation

See 442 Comparable Transactions
synopsis: CNO Financial Group announced that it has acquired privately-owned Web Benefits Design Corporation ("WBD"), a leading online benefits administration firm with a best-in-class, proprietary technology platform for employer benefit programs.
buyer: CNO Financial Group (NYSE:CNO:$4,328.70)
CNO Financial Group, Inc. consists of insurance companies – principally Bankers Life and Casualty Company, Colonial Penn Life Insurance Company and Washington National Insurance Company – that primarily serve middle-income pre-retiree and retired Americans. "
 target: Web Benefits Design Corporation
Web Benefits Design is a leading national employee benefits technology, communication and administration firm headquartered in Orlando, Florida. Over the past 14 years, they have worked to develop benefit technology solutions such as online enrollment, benefit administration system.
price ($mm)
$66
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/23/2019 via PE Hub

Bow River Capital Partners, acquired AbsenceSoft

See 450 Comparable Transactions
synopsis: Bow River, a private alternative asset management company based in Denver, has completed a majority recapitalization of AbsenceSoft, a provider of software solutions for employers to manage FMLA, disability, ADA and other forms of absence leave.
buyer: Bow River Capital Partners
Founded in 2003, Bow River Capital is a private alternative asset management company based in Denver, Colorado, with Buyout, Real Estate, Software Growth Equity and Energy Fund platforms. "
 target: AbsenceSoft
AbsenceSoft is a proven provider of technology solutions to help employers more efficiently and cost-effectively manage FMLA (Family and Medical Leave Act), LOA (leave of absence), Disability, and ADA (Americans with Disabilities Act).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2018 via BNC Analysis

AEGON N.V., acquired Robidus

See 711 Comparable Transactions
synopsis: Aegon, an international life insurance, pension and asset management company, has acquired Robidus from Avedon Capital Partners, a Dutch growth investor. Robidus is a Dutch provider of social security services and software. Their HRControlNet software allows businesses to manage their employees' benefits, worker's comp, absences, and sick days.
buyer: AEGON N.V. (ENXTAM:AGN:$58,056.06)
Aegon is an international life insurance, pension and asset management company. The company has businesses in over twenty markets in the Americas, Europe and Asia. Aegon companies around the world offer a wide range of life insurance, pensions and long-term investment and savings products. "
 target parent: Avedon Capital Partners
target: Robidus
Robidus is a Dutch provider of social security services and software. The company offers solutions for employability, employee absence and disability, and risk management. Their HRControlNet software allows businesses to manage their employees' benefits, worker's comp, absences, and sick days.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/4/2017 via Company Press Release

Jiff, Inc will be merged with Castlight Health, Inc.,

See 474 Comparable Transactions
synopsis: Castlight Health, Inc., a company that offers a health benefits platform that engages employees to make better healthcare decisions, and Jiff, Inc., an enterprise benefit platform, announced their agreement to come together to form a single company.
buyer: Castlight Health, Inc. (CSLT:$131.43)
Castlight offers a health benefits platform that engages employees to make better healthcare decisions and enables employers to communicate and evaluate their benefit programs. "
 target: Jiff, Inc
Jiff is on a mission to help companies lower healthcare costs and cultivate happier, healthier employees. Jiff’s enterprise benefit platform integrates all the vendors employers already have in place, and lets them choose from a menu of pre-integrated services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/21/2016 via GlobeNewswire

Asure Software, Inc., acquired Mangrove Software

See 442 Comparable Transactions
synopsis: Asure Software, a global provider of time & labor and workspace management software solutions, announced that it has acquired Mangrove Employer Services, Inc. Based in Tampa, Florida, Mangrove is a leading Cloud SaaS vendor in Human Capital Management (HCM) applications.
buyer: Asure Software, Inc. (ASUR:$99.48)
Asure Software, Inc. offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company ensures a high-performing work environment by integrating its "keep it simple" solutions and expertise to more than 7,000 clients worldwide. "
 target: Mangrove Software
Mangrove Software, a leader in cloud SaaS Human Capital Management (HCM) applications and Benefits Administration services, is designed for organizations of all sizes. The company develops, sells, and implements HR, Payroll, Benefits, and Talent Management software solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/25/2016 via PR Newswire

AFLAC, acquired Empowered Benefits

See 442 Comparable Transactions
synopsis: Aflac acquired Empowered Benefits, a technology company located in Charlotte, North Carolina, providing cloud-based benefits administration and exchange platform solutions to insurance carriers, brokerages and employers.
buyer: AFLAC
For six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leader in voluntary insurance sales at the worksite. "
 target: Empowered Benefits
Empowered Benefits is a technology company located in Charlotte, North Carolina, providing cloud-based benefits administration and exchange platform solutions to insurance carriers, brokerages and employers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/29/2015 via BusinessWire

Great Hill Partners LLC, will acquire Reward Gateway

See 442 Comparable Transactions
synopsis: Reward Gateway, global leaders in enterprise employee engagement software, announced that Great Hill Partners L.P., a Boston based technology investor, has entered into a binding agreement to buy the company.
buyer: Great Hill Partners LLC
Great Hill Partners provides private equity to finance the expansion, recapitalization or acquisition of growth companies in a wide range of sectors within the business services, consumer services, financial technology, healthcare, media, communications, and software industries. "
 target parent: Inflexion Private Equity Partners LLP
target: Reward Gateway
Reward Gateway is a £189 million GBP revenue SaaS business servicing more than 1,100 enterprise clients and employing 275 people in six countries. Its technology powers employee benefits, employee recognition, total reward statements, employee communications and employee engagement.
price ($mm)
$218*
rev ($mm)
$297
EBITDA ($mm)
EV / rev
1.2x
EV / EBITDA
closed 11/25/2014 via BusinessWire

Aetna Inc., acquired Bswift

See 109 Comparable Transactions
synopsis: Aetna announced that it has completed its acquisition of privately held bswift, which provides a technology platform that offers a retail shopping experience for health insurance exchanges and employers nationwide. Additionally, bswift offers benefits administration technology and services to employers.
buyer: Aetna Inc. (AET:$60,705.00)
Aetna is one of the nation's leading diversified health care benefits companies, serving an estimated 46 million people with information and resources to help them make better informed decisions about their health care. "
 target: Bswift
bswift provides a technology platform that offers a retail shopping experience for health insurance exchanges and employers nationwide. Additionally, bswift offers benefits administration technology and services to employers.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2012 via Yahoo, Inc.

Volaris Group Inc., acquired Travis Software Corp.

See 495 Comparable Transactions
synopsis: Constellation Software Inc. announced that its wholly owned division Volaris Group has acquired the assets of Travis Software Corp., a leading provider of employee health and benefits administration software. The acquisition is Volaris' first investment in the Benefits Administration vertical market.
buyer parent: Constellation Software, Inc.
buyer: Volaris Group Inc.
Volaris Group Inc. is a private investment firm. Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. "
 target: Travis Software Corp.
Travis Software is a provider of employee health and benefits administration software. Its COBRA administration software solutions - WebCOBRA and TravisCOBRA - help to manage COBRA compliance. Travis also provides a suite of complementary software solutions for managing employee health and benefits.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

Like Admin Business


read more

Aon plc

Aon plc

Remedy Employer Services

Buck Consultants, Inc.

Jargonfree Benefits LLP

The Elite Group

Jdm Benefits

ComputerSearch Payroll, Time, & Parking

Beneplace, LLC

WageWorks, Inc.

Bswift

Triton HR LLC

Apri Group

Resourceful HR, LLC

Corporate Business Solutions

Excelity

People Link Vietnam

HR Works

Eknovate

HR Outsourcing, Inc.

Pages:  
read more

RPC Tyche

Booke Seminars

CoverWallet, Inc.

Inspiring Benefits, S.L.

cut-e GmbH

Aon plc

Finaccord Ltd.

Aon plc

CoCubes.com

Modern Survey

Kloud

Aon eSolutions

OmniPoint

Valley Oak Systems

Z/Yen Limited

read more

10X People

Paradigm Consulting Group

Aon plc

Maplesoft Group

Paradigm Consulting Group

read more

SyncStream Solutions, LLC

Castlight Health, Inc.

Tango Health

Flock

Zest Technology Ltd.

The Elite Group

Benefit Express Services, LLC

Jdm Benefits

Monidee

ComputerSearch Payroll, Time, & Parking

Beneplace, LLC

Web Benefits Design Corporation

AbsenceSoft

Robidus

Jiff, Inc

Mangrove Software

Empowered Benefits

Reward Gateway

Bswift

Travis Software Corp.

Pages:  
Geography
Matching Companies
Ticker: ADP
 
 
 
 
 
 
 
 
Automatic Data Processing, Inc.
Automatic Data Processing, Inc.
Automatic Data Processing, Inc., with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source.
year
2021
rev ($mm)
$15,367.00
EBITDA ($mm)
$4,003.50
EBIT ($mm)
$3,494.80
Net Income ($mm)
$2,696.90
Employees
56000
  • drill down
  • watch
Ticker: TSXV:PEO
 
 
 
 
 
 
 
 
People Corporation
People Corporation
People Corporation is a Canadian national provider of group benefits, group retirement, and human resource services. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients.
year
2019
rev ($mm)
$117.59
EBITDA ($mm)
$25.38
EBIT ($mm)
$15.66
Net Income ($mm)
Employees
907
  • drill down
  • watch
Ticker: TSXV:SEB
 
 
 
 
 
 
 
 
Smart Employee Benefits Inc.
Smart Employee Benefits Inc.
Smart Employee Benefits Inc. (SEB) is a technology company that provides business processes software, solutions and services to corporate and government clients with specialty practices focused on managing group benefit solutions and health claims processing environments.
year
2018
rev ($mm)
$77.53
EBITDA ($mm)
$0.74
EBIT ($mm)
($2.03)
Net Income ($mm)
Employees
16
  • drill down
  • watch
Ticker: NYSE:AON
 
 
 
 
 
 
 
 
Aon plc
Aon plc
Aon plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
year
2021
rev ($mm)
$12,193.00
EBITDA ($mm)
$3,873.00
EBIT ($mm)
$3,547.00
Net Income ($mm)
$1,255.00
Employees
50000
  • drill down
  • watch
Ticker: WSE:WSE
 
 
 
 
 
 
 
 
Work Service S.A.
Work Service S.A.
Work Service S.A. is Poland’s largest HR company providing innovative workforce solutions ranging from permanent placement and temporary staffing, to outplacement and outsourcing services throughout Central and Eastern Europe.
year
2020
rev ($mm)
$412.22
EBITDA ($mm)
$3.60
EBIT ($mm)
($0.52)
Net Income ($mm)
Employees
172
  • drill down
  • watch
Ticker: TSE:2375
 
 
 
 
 
 
 
 
ThreePro Group Inc.
ThreePro Group Inc. provides various support services in Japan.
year
2017
rev ($mm)
$116.04
EBITDA ($mm)
$5.70
EBIT ($mm)
$3.21
Net Income ($mm)
$2.06
Employees
403
  • drill down
  • watch
Ticker: PCEL
 
 
 
 
 
 
 
 
Pacel Corporation
PACEL Corps vision is to assemble, through acquisition, a national network of small business services providers. This network will offer support in the Professional Employer Organization (PEO), IT Services, Financial Consultation, and Business Development arenas. In its initial phase toward realiza
year
2001
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: PN
 
 
 
 
 
 
 
 
Patriot National Insurance Group
Patriot National is a national provider of comprehensive technology and outsourcing solutions within the property and casualty marketplace for insurance companies, employers, local governments and reinsurance captives.
year
2016
rev ($mm)
$233.03
EBITDA ($mm)
$31.71
EBIT ($mm)
$12.83
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: TNET
 
 
 
 
 
 
 
 
TriNet Group, Inc.
TriNet Group, Inc.
TriNet is a leading provider of a comprehensive human resources solution for small and midsize businesses or SMBs. They enhance business productivity by enabling their clients to outsource their human resources,.
year
2021
rev ($mm)
$4,371.00
EBITDA ($mm)
$444.00
EBIT ($mm)
$394.00
Net Income ($mm)
$291.00
Employees
2700
  • drill down
  • watch
Ticker: NSP
 
 
 
 
 
 
 
 
Insperity, Inc.
Insperity, Inc.
Insperity, a trusted advisor to America’s best businesses, provides an array of human resources and business solutions designed to help improve business performance. InsperityTM Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace.
year
2012
rev ($mm)
$2,158.82
EBITDA ($mm)
$89.87
EBIT ($mm)
$71.69
Net Income ($mm)
$40.40
Employees
2100
  • drill down
  • watch
Ticker: OB:ECIT
 
 
 
 
 
 
 
 
ECIT AS
ECIT AS
ECIT is an accounting and IT services provider in Norway. ECIT helps companies to more efficiently run and optimize their business. They provide outsourcing services for accounting, payroll, IT, and business solutions.
year
2021
rev ($mm)
$276.18
EBITDA ($mm)
$39.29
EBIT ($mm)
$20.05
Net Income ($mm)
$5.68
Employees
2185
  • drill down
  • watch
Ticker: OB:ZAL
 
 
 
 
 
 
 
 
Zalaris ASA
Zalaris ASA
Zalaris ASA is a leading Nordic provider of outsourced HR-, personnel- and payroll processes. This includes outsourcing and operation services of payroll and administrative personnel processes, in addition to, consultancy services on introducing SAP HR and personnel services.
year
2021
rev ($mm)
$87.94
EBITDA ($mm)
$5.62
EBIT ($mm)
$3.68
Net Income ($mm)
$3.46
Employees
773
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Dalrada Financial Corporation
Dalrada Financial Corporation
Dalrada Financial Corp. solves real-world problems by producing innovation-focused and technologically-centered solutions on a global level. Dalrada delivers next-generation manufacturing, engineering, and healthcare products and services designed to propel growth.
year
2011
rev ($mm)
$1.74
EBITDA ($mm)
EBIT ($mm)
$0.13
Net Income ($mm)
$0.63
Employees
75
  • drill down
  • watch
Ticker: STTN
 
 
 
 
 
 
 
 
Smart-Tek Solutions Inc.
Smart-Tek Solutions Inc.
Smart-tek Solutions Inc., through its subsidiary, provides financial services to small and medium-size businesses, relieving its clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing and human resources support.
year
2011
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: G
 
 
 
 
 
 
 
 
Genpact Ltd
Genpact Ltd
Genpact is a global professional services firm that makes business transformation real. They drive digital-led innovation and digitally-enabled intelligent operations for their clients. They think with design, dream in digital, and solve problems with data and analytics.
year
2020
rev ($mm)
$3,699.55
EBITDA ($mm)
$575.62
EBIT ($mm)
$434.20
Net Income ($mm)
$315.49
Employees
96300
  • drill down
  • watch
Ticker: TSXV:PEO
 
 
 
 
 
 
 
 
People Corporation
People Corporation
People Corporation is a Canadian national provider of group benefits, group retirement, and human resource services. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients.
year
2019
rev ($mm)
$117.59
EBITDA ($mm)
$25.38
EBIT ($mm)
$15.66
Net Income ($mm)
Employees
907
  • drill down
  • watch
Ticker: TSXV:SEB
 
 
 
 
 
 
 
 
Smart Employee Benefits Inc.
Smart Employee Benefits Inc.
Smart Employee Benefits Inc. (SEB) is a technology company that provides business processes software, solutions and services to corporate and government clients with specialty practices focused on managing group benefit solutions and health claims processing environments.
year
2018
rev ($mm)
$77.53
EBITDA ($mm)
$0.74
EBIT ($mm)
($2.03)
Net Income ($mm)
Employees
16
  • drill down
  • watch
Ticker: TSXV:CHS
 
 
 
 
 
 
 
 
Comprehensive Healthcare Systems Inc.
Comprehensive Healthcare Systems Inc.
Comprehensive Healthcare Systems Inc. is a vertically integrated software as a services (SaaS) company focused on digitizing healthcare with Telehealth and Healthcare Benefits Administration solutions, providing reliable and high-volume transaction capable systems.
year
2021
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: JASDAQ:3910
 
 
 
 
 
 
 
 
MKSystem
MKSystem
MKSystem Corporation provides cloud services in Japan. It offers system development and ASP services for social insurance labor consultant offices and corporations, labor insurance administration associations, SR Labor and management centers, and general corporate human resources.
year
2016
rev ($mm)
$10.19
EBITDA ($mm)
$3.62
EBIT ($mm)
$3.17
Net Income ($mm)
$2.07
Employees
44
  • drill down
  • watch
Ticker: WDAY
 
 
 
 
 
 
 
 
Workday, Inc.
Workday, Inc.
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world's largest companies, educational institutions, and government agencies.
year
2021
rev ($mm)
$4,894.34
EBITDA ($mm)
$320.27
EBIT ($mm)
($9.80)
Net Income ($mm)
$30.92
Employees
12500
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Ceridian Corporation
Ceridian Corporation
Ceridian is a global human capital management software company. Dayforce, their flagship cloud Human Capital Management (HCM) platform, provides human resources, payroll, benefits, workforce management, and talent management functionality.
year
2021
rev ($mm)
$964.90
EBITDA ($mm)
$17.90
EBIT ($mm)
($25.70)
Net Income ($mm)
Employees
5974
  • drill down
  • watch
Ticker: HLAN
 
 
 
 
 
 
 
 
Hilan Ltd.
Hilan Ltd.
Hilan Ltd. is the leading ASP - Application Service Provider in Israel, for overall management of the human resource in the organization: payroll, human resources, time & attendance and pension administration.
year
2013
rev ($mm)
$122.16
EBITDA ($mm)
$22.24
EBIT ($mm)
$19.63
Net Income ($mm)
$13.89
Employees
300
  • drill down
  • watch
Ticker: ASX:RDY
 
 
 
 
 
 
 
 
ReadyTech Holdings Limited
ReadyTech Holdings Limited
ReadyTech is an Australian provider of people management software for employment and education. ReadyTech offers a complete student management system for institutions and training organisations. For employers they offer a complete payroll, HR admin and work health and safety management system.
year
2021
rev ($mm)
$47.32
EBITDA ($mm)
$6.48
EBIT ($mm)
$6.20
Net Income ($mm)
$4.91
Employees
365
  • drill down
  • watch
Ticker: ASX:PYG
 
 
 
 
 
 
 
 
PayGroup Ltd
PayGroup Ltd
Headquartered in Melbourne Australia, PayGroup is the holding company of Pay Asia Pte Limited. Pay Asia, headquartered in Singapore, is a trusted provider of Multi-Country Payroll and cloud based Software as a Service (SaaS) Human Resource Outsourcing Solutions.
year
2020
rev ($mm)
$10.29
EBITDA ($mm)
($0.02)
EBIT ($mm)
($0.09)
Net Income ($mm)
Employees
229
  • drill down
  • watch
Ticker: VCSY
 
 
 
 
 
 
 
 
Vertical Computer Systems, Inc.
Vertical Computer Systems, Inc.
Vertical Computer Systems, Inc. is a provider of administrative software, Internet core technologies, and derivative software application products through its distribution network.
year
2009
rev ($mm)
$5.40
EBITDA ($mm)
($0.93)
EBIT ($mm)
($0.97)
Net Income ($mm)
$3.50
Employees
26
  • drill down
  • watch
Ticker: IACH
 
 
 
 
 
 
 
 
Information Architects Corporation
Information Architects Corporation
The company focuses on investigating acquisition partners and targets, as well as new business lines and services to add to existing software resources and enhance its ability to market its perceptre software asset.
year
2012
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($1.66)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Dalrada Financial Corporation
Dalrada Financial Corporation
Dalrada Financial Corp. solves real-world problems by producing innovation-focused and technologically-centered solutions on a global level. Dalrada delivers next-generation manufacturing, engineering, and healthcare products and services designed to propel growth.
year
2011
rev ($mm)
$1.74
EBITDA ($mm)
EBIT ($mm)
$0.13
Net Income ($mm)
$0.63
Employees
75
  • drill down
  • watch
Ticker: PCTY
 
 
 
 
 
 
 
 
Paylocity
Paylocity
Paylocity is a leading provider of cloud-based HR and payroll software solutions. Paylocity offers an intuitive, easy-to-use product suite that helps businesses tackle challenges while moving them toward the promise of tomorrow.
year
2021
rev ($mm)
$681.53
EBITDA ($mm)
$84.95
EBIT ($mm)
$64.86
Net Income ($mm)
$89.29
Employees
4150
  • drill down
  • watch
Ticker: ASX:RKN
 
 
 
 
 
 
 
 
Reckon Limited
Reckon Limited
Reckon Limited (RKN) is an Australian publicly listed company well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management.
year
2020
rev ($mm)
$54.95
EBITDA ($mm)
$9.52
EBIT ($mm)
$8.47
Net Income ($mm)
$5.93
Employees
118
  • drill down
  • watch
Ticker: ASX:ELO
 
 
 
 
 
 
 
 
Elmo Talent Management Software
ELMO operates in the HCM software market. HCM software solutions are used to support and automate HR related processes at various stages of an employee’s lifecycle, including recruitment, onboarding, performance management, learning and development, succession planning and employee administration.
year
2020
rev ($mm)
$37.73
EBITDA ($mm)
($14.50)
EBIT ($mm)
($16.48)
Net Income ($mm)
Employees
106
  • drill down
  • watch