The Standard Acquires Life & Disability Business From Elevance Health

The Standard Acquires Allstate's Employer Voluntary Benefits Business

April 1, 2025

Insurance

StanCorp Financial Group (The Standard) has completed the acquisition of The Allstate Corporation's Employer Voluntary Benefits business, largely comprised of American Heritage Life Insurance Company. The agreement includes a future distribution partnership to make certain of The Standard's products and services available to Allstate customers and is intended to expand The Standard's workplace benefits portfolio.

Reliance Standard Acquires Standard Security Life Insurance Company of New York

January 3, 2022

Insurance

Reliance Standard Life Insurance Company, a member of the Tokio Marine Group, has completed its acquisition of Standard Security Life Insurance Company of New York (SSL) from Independence Holding Company. SSL, a leading provider of New York DBL and statutory paid family leave insurance with ~1 million covered employees across 60,000 employer groups and ~70 employees, will operate as a wholly owned subsidiary of Reliance Standard and expand Reliance Standard's New York market position.

Elevance Health Acquires Blue Cross and Blue Shield of Louisiana

January 23, 2023

Insurance

Elevance Health has entered into a definitive agreement to acquire Blue Cross and Blue Shield of Louisiana (BCBSLA). The transaction will integrate BCBSLA into Elevance's Anthem Blue Cross Blue Shield family, keep the Louisiana headquarters and workforce local, and expand Elevance's capabilities and footprint in Louisiana.

Sciens Building Solutions Acquires Standard Electronics

July 23, 2024

Electrical Services

Sciens Building Solutions, a Carlyle-backed fire and life safety platform, has acquired El Cajon, California-based Standard Electronics, a provider of fire alarm and low-voltage systems serving the greater San Diego area. The add-on expands Sciens' Southern California footprint and brings additional expertise serving K-12 schools, government and other commercial verticals.

Education Advanced Acquires Standard for Success

May 18, 2022

Education

Education Advanced, Inc. (a Serent Capital portfolio company) has acquired Indiana-based Standard for Success, an education evaluation and feedback software provider. The deal expands EAI’s K-12 product suite—adding teacher evaluation, educator growth, graduation tracking and related subscription software—and increases combined reach to over 5 million students in more than 10,000 schools.

Hyatt Hotels Corporation Acquires Standard International

August 21, 2024

Restaurants & Hospitality

Hyatt Hotels Corporation announced it will acquire the brands and most affiliates of Standard International, the parent company of The Standard and Bunkhouse Hotels, forming a new dedicated lifestyle group headquartered in New York City. The asset-light transaction covers management, franchise and license contracts for 21 open hotels (about 2,000 rooms) and includes a $150 million base purchase price with up to $185 million of contingent consideration.