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New Deal


Announced

Completed

Stone Point Capital completed the acquisition of a majority stake in Businessolver.

Financials

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

Tags

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United States

Acquisition

Private Equity

Private

Single Bidder

IT Services: Other

Majority

employment benefit consultancy

Friendly

it services

Completed

Domestic

Synopsis

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Stone Point Capital, a private equity firm, completed the acquisition of a majority stake in Businessolver, a benefits technology and services company. Financial terms were not disclosed. "We're excited about the long-term opportunities within the HR and employee benefits industries and are thrilled to be partnering with Jon and the Businessolver team. We look forward to sharing our longstanding experience in the industry to help accelerate Businessolver's growth, while they maintain their deep roots in the HR community. We have watched Businessolver grow and deliver for years and are excited to be part of the cutting-edge benefits innovation that they bring to the industry," Chuck Davis, Stone Point CEO.

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