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New Deal


Announced

Completed

OneDigital completed the acquisition of The Huntington National Bank's 401(K) Advisory and Retirement Plan from Huntington Bancshares.

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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Acquisition

Domestic

United States

Completed

Private

Single Bidder

Majority

Friendly

advisory and retirement plan

banking solutions

Banks

Synopsis

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OneDigital, an insurance, financial services and HR consulting advisory firm, completed the acquisition of The Huntington National Bank's 401(K) Advisory and Retirement Plan from Huntington Bancshares, a provider of online banking solutions, mortgage, investing, loans, credit cards, and personal, small business, and commercial financial services. Financial terms were not disclosed. “Huntington and OneDigital share a commitment to serving the financial needs of working Americans, their advisors and employers. The addition of Huntington’s retirement plan business will create an even stronger service organization at OneDigital. We are excited to welcome the retirement plan employees from Huntington to the OneDigital Family and look forward to supporting the team in their continued service of our clients. We will continue to expand our capabilities for these plan sponsors, enhance our financial wellness and advice offerings and accelerate our value creation for all our stakeholders,” Vincent Morris, OneDigital President Retirement and Wealth.

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