OneDigital acquires employee benefits company Beneflex Insurance Services

Insurance acquisition news : OneDigital Health and Benefits, a US employee benefits company, has acquired California-based employee benefits agency Beneflex Insurance Services for an undisclosed price to expand its presence in southern California.

Headquartered in Santa Barbara, Beneflex Insurance Services offers a range of employee health and welfare benefit plans and also expertise in compliance, human resources support and innovation cost control solutions. The employee benefits agency is said to work with clients from various industries to offer superior quality in focused subjects of expertise.

Owing to the acquisition by OneDigital Health and Benefits, the clients of Beneflex Insurance Services get access to compliance support such as ERISA Counsel, improved claim analysis along with actuarial services and technology.

OneDigital acquires employee benefits company Beneflex Insurance Services – Principal Lesa Caputo; Vice President, Operations Suzanne Robertson; and President, CEO, Principal Dan Cattaneo. Photo courtesy of Business Wire.

Commenting on OneDigital acquisition of Beneflex Insurance Services, Chris Thurin – Regional Managing Principal of OneDigital Southern California, said: “Beneflex is one of the leading employee benefits consulting firms in the Central Coast region. For 15 years, they have delivered unmatched expertise and innovative solutions for mid-sized employers.

“The Beneflex leadership team has fostered an intentional culture to ensure their team of benefits experts consistently delivers creative strategies, personal service and peace of mind to their clients. Beneflex is the right partner to expand our market reach in the Central Coast and further enhance our culture and reputation.”

Headquartered in Atlanta, OneDigital is among the largest employee benefits companies in the US. The company, which has more than 1,300 employees, caters to firms of all sizes, providing employers with a combination of strategic benefit advisory services, analytics, human resources management tools, compliance support, and a range of insurance offerings.

Dan Cattaneo – Managing Principal and Benefits Advisor of OneDigital Santa Barbara, commenting on OneDigital acquisition of Beneflex Insurance Services, said: “First and foremost, their culture of ‘people first’ aligned perfectly with ours. Their products, tools, services and people made our decision easy. They are laser-focused on delivering best in class employee benefits platforms.

“They are not distracted by offering multiple insurance disciplines which allows them to deliver world-class solutions in the employee benefits arena. We are very excited to partner with such a progressive, thoughtful employee benefits only organization, and we look forward to introducing new and exciting services to our clients and community.”

OneDigital acquisition of Beneflex Insurance Services follows its acquisition of Texas Financial Group, Strategic Employee Benefit Services (SEBS) earlier in this week.

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