Announced
Completed
Financials
Tags
United States
Acquisition
Private Equity
Private
Single Bidder
IT Services: Other
Majority
employment benefit consultancy
Friendly
it services
Completed
Domestic
Synopsis
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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