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New Deal


Announced

Blackstone-backed Alight Solutions to acquire Hodges-Mace.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Outsourced HR and Staffing

employee benefits solutions

Private

Acquisition

Private Equity

Pending

Majority

Friendly

Single Bidder

Synopsis

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Blackstone-backed Alight Solutions, a provider of technology-enabled health, wealth and human capital management and financial solutions, agreed to acquire Hodges-Mace, a provider of employee benefits technology, voluntary benefits and custom enrollment services. Financial terms were not disclosed. "Alight has been deliberate about creating an integrated health experience that enables employees to access health coverage, navigate complexity and focus on their wellbeing, while also improving overall affordability. Through our Compass Healthcare Navigation solutions, Smart-Choice reimbursement accounts and the latest addition of Hodges-Mace, we will be able to bring Alight's industry-leading capabilities to an even broader set of employers to help their people make better healthcare decisions to get the most out of their benefits," Chris Michalak, Alight Solutions CEO.

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