Millennium Trust Acquires Benefit Resource (BRI)
July 13, 2023
Millennium Trust Company, LLC has acquired Benefit Resource, LLC (BRI), a provider of FSAs, HRAs, HSAs, commuter plans and COBRA administration, to expand its health, wealth, retirement and benefits offerings. BRI, headquartered in Rochester, New York, supports more than 400,000 participants across 5,500+ employer plans and has more than 200 employees; the acquisition is intended to broaden Millennium Trust's capabilities and SMB market reach.
- Buyers
- Millennium Trust Company, LLC
- Targets
- Benefit Resource, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Benefit Resource (BRI) Acquires 121 Benefits
October 1, 2020
Professional Services
Benefit Resource, LLC (BRI) has acquired Minneapolis-based 121 Benefits, a provider of pre-tax benefits and COBRA administration services. The deal — BRI’s first acquisition since its 2019 strategic partnership with CIP Capital — strengthens BRI’s Midwest presence and gives 121 Benefits access to BRI’s administrative and payment technology.
-
Alera Group Acquires Brio Benefits
October 17, 2023
Insurance
Alera Group, a national insurance and financial services firm based in Deerfield, Illinois, has acquired Brio Benefits, an employee benefits and retirement plan consulting firm headquartered in New York. The Brio team will remain in their existing roles and the acquisition is intended to strengthen Alera Group's employee benefits capabilities and deliver expanded resources to clients; terms were not disclosed.
-
Group RHI Acquires Merit Benefits Group
January 24, 2020
Financial Services
Group RHI, a national retirement services firm based in Boston, Massachusetts, has acquired Merit Benefits Group, an Oak Brook, Illinois–based third-party administrator (TPA) of qualified retirement plans. The acquisition expands Group RHI's national footprint and adds Merit’s plan design and administration capabilities for 401(k), profit sharing, and defined benefit plans.
-
Hilb Group Acquires MillBrook Benefits and Insurance Services
July 28, 2021
Insurance
Hilb Group, a Richmond-based independent insurance brokerage, acquired MillBrook Benefits and Insurance Services, LLC, an East Longmeadow, Massachusetts benefits and insurance agency. The deal brings MillBrook’s insurance professionals into Hilb Group’s New England regional operations, expanding Hilb’s presence across New England.
-
Voya Financial Acquires Benefit Strategies, LLC
May 10, 2021
Financial Services
Voya Financial, Inc. has acquired Benefit Strategies, LLC, a third-party administrator of HSAs, FSAs, HRAs, COBRA and related workplace benefits. The acquisition (closed July 2021) adds roughly 150 employees, ~3,400 employer clients and nearly 370,000 participant accounts to Voya, strengthening its workplace health savings and spending account capabilities.
-
Abry Partners Recapitalizes Benefit Recovery Group
October 16, 2020
Healthcare Services
Abry Partners made a recapitalization investment in Benefit Recovery Group (BRG), a Memphis-based tech-enabled payor services provider that specializes in healthcare subrogation and compensation recovery. The partnership will support BRG's sales investment and product development to accelerate growth; Abry partner T.J. Rose will join BRG's board.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.