HM Employee Benefits and Risk Management acquired by OneDigital
OneDigital, a US provider of employee benefits insurance brokerage and retirement consulting services, has acquired Missouri-based HM Employee Benefits and Risk Management for an undisclosed price.
Established in 1991, HM Employee Benefits and Risk Management offers employee benefits and risk management services to clients across all 50 states and more than 60 countries.
The acquisition will enable OneDigital to integrate property and casualty (P&C) into its suite of retirement and wealth, health, and human resources consulting.
Adam Bruckman – President and CEO of OneDigital said: “Through OneDigital’s two decades of operations, we have focused on the benefits business to provide employees with the most comprehensive solutions.
“By entering the property & casualty market with HM, we are strategically expanding our services to meet the needs of our customers and their employees. Putting people first is a crucial element of the OneDigital culture, and this expansion will allow us to further our relationships as we push into this new market.”
The 130 employees of HM Employee Benefits and Risk Management have joined the OneDigital team.
Mike Shanahan – Chairman, President, and CEO of HM Employee Benefits and Risk Management said: “This merger with OneDigital provides us the opportunity to enter on the ground floor with a seat at the table for a rapid build in the multiline agency space. It’s our intention to support downstream acquisition efforts as more P&C agencies become aware of this unique opportunity.
“OneDigital’s and HM’s alignment on a culture- and people-first approach to business will allow us to continue to drive success through relationships.”