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Announced

Completed

Securian Financial completed the acquisition of Empyrean Benefit Solutions.

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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Private

Software

Majority

software development

Friendly

United States

Acquisition

Single Bidder

Completed

Domestic

Synopsis

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Securian Financial, a mutual holding company that provides a range of financial products and services, completed its acquisition of Empyrean Benefit Solutions, a company with a platform for employee benefits enrollment and human resources administration. Financial terms were not disclosed. "This transaction underscores our commitment to creating exceptional experiences for employers and their employees. It is a significant strategic investment that complements Securian Financial’s broad lineup of innovative employee benefits solutions and opens new growth opportunities for both our customers and us," Chris Hilger, Securian Financial Chairman, President and CEO.

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