Midwest Group Benefits, Inc.
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Midwest Group Benefits, Inc. - overview
Established
1984
Location
-, IA, US
Primary Industry
Insurance
About
Based in Iowa, US, founded in 1984, Midwest Group Benefits, Inc. , operates as a provider of administrative services including consulting, employee benefits administration, health, and retirement plans. In May 2022, the firm was acquired by AssuredPartners Inc. , a portfolio company of Apax Partners, GTCR, and HarbourVest Partners.
The firm as of October 2022 is led by its CEO, Sara Hotvedt. The company specializes in helping companies select, develop and maintain a group benefits plan, and provide administrative services including claims processing, eligibility, implementation, day-to-day service, reporting, and compliance. Some of the plans offered by the company include partially self-funded health plans, retirement plans, flexible benefit (Section 125) plans, health reimbursement arrangements (HRAs), health savings accounts (HSAs), COBRA benefits, and supplemental unemployment benefit (SUB) plans. The company also provides consulting services including employee benefits philosophy, benefit audits/design analysis, benefit plan design/implementation, regulatory compliance, and employee benefits administration including medical, dental & vision, pension plan administration, etc.
The company as of May 2022 reported an annual revenue of USD 1. 1 million.
Current Investors
AssuredPartners, Inc.
Primary Industry
Insurance
Sub Industries
Consulting Services, Claims Administration & Processing
Website
www.midwestbenefits.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Midwest Group 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 | Midwest Group Benefits, Inc. | - |
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Midwest Group Benefits, Inc. - employee data
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