Inverness Graham-Backed BenefitHub Acquires Abenity

Inverness Graham Acquires BenefitHub; Balance Point Provides Financing to Facilitate Recapitalization

April 23, 2024

Cloud & SaaS

Inverness Graham (IGI) has acquired BenefitHub, a cloud-based employee benefits and engagement platform serving over 10 million employees. Balance Point Capital Advisors provided debt and equity financing to facilitate IGI's recapitalization of BenefitHub to support continued growth and platform M&A activity; terms were not disclosed.

Inverness Graham Acquires Innovia Medical; Balance Point Provides Financing

April 7, 2023

Medical Devices

Inverness Graham acquired Innovia Medical, a St. Paul-based manufacturer of single-use surgical products and sterile processing systems, from Shore Capital Partners (transaction closed March 31, 2023). Balance Point Capital provided debt and equity financing to support Inverness Graham's acquisition and will partner to support Innovia's organic growth and strategic add-on activity.

Inverness Graham Acquires Concord Servicing; Balance Point Provides Financing

February 15, 2022

Financial Services

Inverness Graham has invested in Concord Servicing Corporation, partnering with the company's founding owners to support scaling of its loan servicing and SaaS platform. Balance Point Capital provided a creative financing solution to facilitate Inverness Graham's acquisition; Concord remains headquartered in Scottsdale, Arizona and serves originators, lenders and capital providers across end markets including home improvement, solar/energy efficiency and vacation ownership.

Hub International Acquires Assets of Grace & Porta Benefits

January 12, 2023

Insurance

Hub International Limited has acquired the assets of Grace & Porta Benefits, an independent employee benefits agency based in Brighton, Michigan. The Grace & Porta team will join Hub Midwest East as part of Hub's effort to strengthen its employee benefits capabilities and expand its Michigan footprint; terms were not disclosed.

Hub International Acquires Integrated Benefits Group Insurance Brokerage, Inc.

July 12, 2024

Insurance

Hub International Limited acquired the assets of Integrated Benefits Group Insurance Brokerage, Inc. (IBG), an employee and group benefits broker based in Stoneham, Massachusetts. The IBG team, led by CEO Tony Maffeo, will join Hub New England; financial terms were not disclosed.

Madison Dearborn Partners Acquires Benefytt Technologies

August 21, 2020

Healthcare Services

Funds affiliated with Madison Dearborn Partners completed the acquisition of Benefytt Technologies in an all-cash tender offer at $31.00 per share, taking the company private. Benefytt will remain headquartered in Tampa, Florida with Gavin Southwell continuing as CEO, and Madison Dearborn plans to build on the company's technology-driven Medicare marketplace and expand its product offerings.