CBG Benefits, Inc.
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.
CBG Benefits, Inc. - overview
Established
1999
Location
Woburn, MA, US
Primary Industry
Insurance
About
CBG Benefits, Inc. delivers comprehensive employee benefits solutions, focusing on enhancing workforce satisfaction and productivity through tailored health, wellness, and insurance programs designed for diverse business needs. Founded in 1999 and headquartered in Woburn, US, CBG Benefits, Inc. is dedicated to providing employee benefits solutions.
The company was acquired by RSC Insurance Brokerage, Inc. on May 16, 2018, though specific financial terms were not disclosed. The founder, Ridhima Garg, has a background that contributes to the company's strategic direction. CBG Benefits specializes in comprehensive employee benefits solutions designed to enhance workforce satisfaction and productivity.
Their core offerings include health and wellness programs, retirement planning services, and insurance products tailored to meet the diverse needs of businesses across various sectors. The company's primary goal is to address critical pain points faced by employers by customizing benefits packages to improve employee retention and engagement. CBG Benefits serves a diverse clientele, including small to medium-sized enterprises and larger corporations across North America and Europe, ensuring a user-friendly experience for employees to make informed decisions about their benefits. CBG Benefits generates revenue through structured B2B partnerships and direct-to-consumer sales.
Clients engage with CBG Benefits to implement tailored employee benefits packages via subscription models, fostering long-term relationships and ongoing support. Their flagship health and wellness programs, along with various insurance products, are typically bundled into comprehensive service tiers that clients purchase based on specific needs, with distinct pricing plans accommodating varying scales of operations. CBG Benefits plans to enhance its product offerings with new employee benefits solutions in the upcoming quarters, focusing on integrating more advanced health and wellness programs. The company is also exploring expansion into new regions, specifically targeting additional markets in Europe by the end of 2023.
The recent acquisition by RSC Insurance Brokerage, Inc. is expected to provide the necessary support and resources to fuel these growth initiatives.
Current Investors
Risk Strategies
Primary Industry
Insurance
Sub Industries
Human Resources Services, Brokerages, Insurance
Website
www.cbgbenefits.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
CBG Benefits, Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | CBG Benefits, Inc. | - |
Displaying 1 - 1 of 1
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.