WEX Acquires benefitexpress for $275M

Selerix Acquires TBX (The Benefits eXpert)

February 6, 2025

Cloud & SaaS

Selerix, a cloud-based benefits administration provider based in McKinney, Texas, has acquired TBX (The Benefits eXpert), a Plano-based employee benefits education and enrollment technology company. The purchase integrates TBX's engagement and education capabilities into Selerix's platform to create an all‑in‑one benefits administration SaaS solution that improves employee decision support, enrollment workflows, and data accuracy.

WEX Acquires Ascensus Health and Benefits Unit for $180M

July 28, 2023

Financial Services

WEX (NYSE: WEX) agreed to acquire the health and benefits unit of Ascensus for $180 million, according to an SEC filing; the transaction is expected to close this year. The purchase expands WEX’s benefits administration and ACA compliance capabilities as the company grows its Benefits segment.

Advisor360° Acquires the Wealth Management Technology Assets of Agreement Express

January 19, 2023

Cloud & SaaS

Advisor360° acquired the digital onboarding and wealth management technology assets (including technology, IP, clients and professionals) of Agreement Express from Frontier Growth, completing the transaction on December 23, 2022. The deal expands Advisor360°'s multi-custodian support, CRM integrations and global team (including staff in Canada); Agreement Express's payments business was sold to NMI earlier in December 2022.

Hub International Acquires Benefex Consulting Inc.

February 4, 2020

Insurance

Hub International Limited has acquired Benefex Consulting Inc., an Edmonton-based employee benefits and retirement consulting firm. The Benefex principals will join Hub's Canada West employee benefits platform to expand Hub's capabilities and geographic footprint in Western Canada; terms were not disclosed.

CNO Financial Group Acquires Web Benefits Design

April 29, 2019

Cloud & SaaS

CNO Financial Group acquired Web Benefits Design Corporation, a cloud-based employee benefits administration and enrollment platform, to advance its worksite strategy and broaden distribution of its insurance products. The purchase (approximately $66 million plus potential earn-out) is intended to accelerate growth, provide cross-sell opportunities to thousands of employer clients and expand CNO's technology-driven capabilities for employer benefit programs.

Express Scripts Acquires eviCore Healthcare for $3.6 Billion

December 15, 2017

Healthcare Services

Express Scripts Holding Company completed the acquisition of eviCore healthcare for $3.6 billion on Dec. 15, 2017. The deal combines Express Scripts' pharmacy benefit management platform with eviCore's evidence-based medical benefit management capabilities to expand clinical services, improve outcomes and reduce healthcare costs.