Stone Point Capital Makes Strategic Investment in Allied Benefit Systems
February 18, 2021
Funds managed by Stone Point Capital have made a strategic investment in Allied Benefit Systems, a Chicago-based third-party administrator of group health benefits. Allied's management will remain in place and the capital will support the company's next phase of growth as Stone Point positions Allied for market consolidation and continued expansion of its benefits and cost-containment solutions.
- Buyers
- Stone Point Capital
- Targets
- Allied Benefit Systems, LLC
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Stone Point Capital Makes Growth Investment in ClearPoint Health
January 8, 2024
Healthcare Services
Stone Point Capital has announced a strategic growth investment in ClearPoint Health, a Columbia, South Carolina-based medical stop-loss captive platform that helps small and mid-sized employers and benefit advisors implement transparent, affordable employee health benefit programs. The capital will be used to accelerate ClearPoint's national expansion, scale its captive platform and deepen its advisor-first, clinically integrated stop-loss and benefits solutions.
-
Allied Benefit Systems Acquires Medxoom
July 18, 2023
Cloud & SaaS
Allied Benefit Systems, majority-backed by funds managed by Stone Point Capital, has acquired Medxoom, a digital benefits integration and payments platform. Allied will integrate Medxoom's technology into its My Allied Portal to enhance member experience, support current clients, and expand digital capabilities to reduce employer healthcare costs.
-
Stone Point Capital Makes Minority Growth Investment in IEQ Capital
January 19, 2023
Financial Services
Stone Point Capital made a minority growth investment in IEQ Capital to support the wealth management firm's continued organic growth, technology and infrastructure investments, and national expansion. The partnership deepens an existing lending relationship and is intended to accelerate IEQ's platform and family office service offerings.
-
Stone Point Capital Acquires Majority Stake in Beeline
May 3, 2022
Cloud & SaaS
Funds managed by Stone Point Capital have made a majority investment in Beeline, the Jacksonville-based provider of cloud solutions for sourcing and managing the extended workforce. Existing investor New Mountain Capital will remain a minority investor; the capital injection is intended to accelerate Beeline's platform innovation, AI capabilities and market expansion.
-
PSP Investments and Stone Point Capital Invest in Alliant Insurance Services
January 22, 2019
Insurance
The Public Sector Pension Investment Board (PSP Investments) has made an investment in Alliant Insurance Services, joined by an additional investment from funds managed by Stone Point Capital. Stone Point will remain Alliant's largest institutional shareholder while Alliant's management and producers retain majority ownership; the capital supports Alliant's continued growth and expansion.
-
Stone Point Capital Acquires Eliassen Group
November 5, 2008
Staffing & HR
Funds managed by Stone Point Capital have acquired Eliassen Group, a Reading, Massachusetts–based strategic consulting and talent solutions firm focused on IT staffing, Agile consulting, managed services and life sciences. The transaction transfers Eliassen Group from former sponsor Riverside Partners to Stone Point, which plans to support the company’s continued national growth and expansion.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.