Principal Financial Group to Acquire DentaNet Dental Network From Collateral Holdings
March 5, 2026
Principal Financial Group announced a definitive agreement to acquire Southland Benefit Solutions’ single-state dental network, DentaNet, in Alabama, and secure renewal rights for a block of group insurance contracts through Canopy Insurance. Both Southland Benefit Solutions and Canopy Insurance are subsidiaries of Collateral Holdings, LLC. The transaction is intended to strengthen Principal’s specialty benefits footprint in Alabama and expand its dental network capabilities across the Southeast.
- Buyers
- Principal Financial Group
- Targets
- DentaNet, Southland Benefit Solutions, Canopy Insurance
- Sellers
- Southland Benefit Solutions, Canopy Insurance, Collateral Holdings, LLC
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Transaction Type
- Buyout
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