Acquiring Company
Principal Financial Group
Acquired Company
Beam Benefits
Des MoinesUnited StatesFinancial ServicesFinanceLendingHuman ResourcesEmployee BenefitsDescription
Principal Financial Group announced an agreement to acquire Beam Benefits, a company specializing in employee benefits for small businesses. The acquisition aims to strengthen Principal's services to SMBs and accelerate growth in the specialty benefits segment. The deal is expected to close in the latter half of 2026, pending regulatory approvals.
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Based on deal dataFrequently asked
Who acquired Beam Benefits?
Beam Benefits was acquired by Principal Financial Group, based in Des Moines. The deal was reported on July 7, 2026. Principal Financial Group is a global financial company with nearly 20,000 employees passionate about improving the wealth and well-being of people and businesses. Principal Financial Group is publicly traded (PFG) and operates in Financial Services.
When did Principal Financial Group acquire Beam Benefits?
Principal Financial Group's acquisition of Beam Benefits was reported on July 7, 2026. Principal Financial Group announced an agreement to acquire Beam Benefits, a company specializing in employee benefits for small businesses. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Beam Benefits do?
Beam Benefits is a digitally-native company offering ancillary employee benefits, including dental and vision coverage. They focus on simplifying employee benefits through an online platform and AI technology. It is privately held, operating in Human Resources, and is based in United States.
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