Allied Benefit Systems, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Allied Benefit Systems, LLC - overview
Established
1980
Location
Chicago, IL, US
Primary Industry
Insurance
About
Based in Illinois, US, and founded in 1980, Allied Benefit Systems, LLC provides employer self-insurance benefits solutions. The company is a provider of a range of administrative services like compliance services, claims management, Allied ACP, COBRA, and Allied FLEX to over 9000 customers across the US. Till 2022, the company has grown to one of the largest third-party administrator in the United States. In 2021, Stone Point Capital acquired Allied Benefit Systems, LLC.
In 2021, the company received a strategic investment from Stone Point Capital. The company works with the organization's employees and their families to provide self-insurance services solutions to comply with individual preferences and organizational needs while incorporating medical management technologies and cost-control strategies.
Current Investors
Stone Point Capital, Blackstone Group
Primary Industry
Insurance
Sub Industries
Health Insurance, Analytics & Performance Software
Website
www.alliedbenefit.com
Verticals
InsureTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Allied Benefit Systems, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Allied Benefit Systems, LLC | - | ||||||||
| Add-on, Trade Sale | Completed | Medxoom, Inc. | - | ||||||||
| Buyout | Completed | Allied Benefit Systems, LLC | - |
Displaying 1 - 3 of 3
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.