Tracked deals
4
4 tracked deals across 2022-2026.
Public Company
Financial Services
Principal Financial Group
Des Moines, Iowa, United States
Principal Financial Group® is a global financial services company helping customers plan, protect, invest, and retire, offering insurance, investment, retirement, and asset management products and services.
- Focus Areas
- Insurance, Asset Management, Retirement
- Website
- www.principal.com
Recent pace
3
3 tracked deals announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 addon
Principal Financial Group Acquisition Volume by Year
Last 2 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 1, 2026
- Buyer
- Principal Financial Group
- Target
- Beam Benefits
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Buyout
Principal Financial Group completed its acquisition of Beam Benefits effective September 1, 2026. The acquisition adds more than 25,000 small-business customers and Beam’s digital benefits platform to Principal’s Benefits and Protection business, supporting its growth in the small-business employee benefits market.
-
- Buyer
- Principal Financial Group
- Target
- Beam Benefits
- Industry
- Financial Services
- Location
- United States
- Type
- Buyout
Principal Financial Group signed an agreement to acquire Beam Benefits, expanding its specialty benefits offerings for small businesses and adding cloud-native technology capabilities. The transaction was expected to close in the second half of 2026, subject to customary conditions and regulatory approvals.
-
- Buyer
- Principal Financial Group
- Target
- DentaNet, Southland Benefit Solutions, Canopy Insurance
- Seller
- Southland Benefit Solutions, Canopy Insurance, Collateral Holdings, LLC
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
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.
-
- Buyer
- Versant Diagnostics, Iron Path Capital, Principal Global (Principal Financial Group)
- Target
- Pathology Consultants of Chicago, Elgin Laboratory Physicians, Ltd.
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Addon
Versant Diagnostics, a PE-backed independent physician services company, acquired Pathology Consultants of Chicago and the operating assets of Elgin Laboratory Physicians to expand its footprint in the greater-Chicago market. The deals (Versant's third and fourth acquisitions in nine months) support the company's strategy to consolidate pathology practices and accelerate digital pathology conversion with growth capital backing from Iron Path Capital and financing support from Principal.
Related Acquisition Pages
Healthcare Services Buyers & Acquisitions
2 tracked deals by Principal Financial Group.
Financial Services Buyers & Acquisitions
1 tracked deal by Principal Financial Group.
Insurance Buyers & Acquisitions
1 tracked deal by Principal Financial Group.
Acquisitions in Illinois
1 tracked deal by Principal Financial Group.
Acquisitions in Iowa
1 tracked deal by Principal Financial Group.
Acquisitions in Ohio
1 tracked deal by Principal Financial Group.
Selling a company? Get in front of buyers like Principal Financial Group
Turn tracked acquisition activity into an outreach-ready buyer list.