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SPG acquires the Assets of Total Benefit Solutions, LLC and Affiliates to Expand Health Insurance Capabilities

Nov 12, 2024•about 1 year ago

Acquiring Company

Specialty Program Group

Acquired Company

Total Benefit Solutions (TBS)

New JerseyBellevueInsuranceInsuranceEmployee BenefitsHealth Care

Description

Specialty Program Group LLC (SPG) has announced the acquisition of the assets of Total Benefit Solutions, LLC (TBS), a premier insurance brokerage specializing in group health insurance tailored for small- to mid-sized businesses. This acquisition is aimed at driving forward the expansion and innovation of SPG's health insurance platform, leveraging TBS's robust resources, network, and strong carrier relationships.

Company Information

Company

Specialty Program Group

Location

New Jersey, United States

About

Headquartered in Summit, NJ, Specialty Program Group is a fully licensed holding company established to acquire and scale best-in-class insurance underwriting facilities and specialty businesses throughout North America. SPG has 17 portfolio companies and is over 1.8 billion in premium. For more information, please visit www.specialtyprogramgroup.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed