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Daybright Financial acquires Hessel & Associates, LLC

PRIVATEAug 27, 2025

Acquiring Company

Daybright Financial

Acquired Company

Hessel & Associates

Woodbridge TownshipLincolnshireFinancial ServicesFinanceHuman ResourcesFinanceEmployee BenefitsConsulting

Description

Daybright Financial has acquired Hessel & Associates, LLC, enhancing its presence in the Midwest. Brooke Hessel Cline will remain the Managing Partner of Hessel as part of Daybright's team. The acquisition aims to leverage resources for future growth amid evolving industry regulations. Daybright Financial continues to expand its retirement solutions segment.

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Company Information

Company

Daybright Financial

Location

99 Wood Ave S

Woodbridge Township, New Jersey, United States

About

Daybright Financial is one of the nation's largest independent, privately held firms specializing in employee benefits and retirement plans. Since 2008, the company has grown by acquiring over 60 local and national firms. They serve more than 18,000 employer groups and 3.6 million plan participants nationwide.

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Frequently asked

Who acquired Hessel & Associates?

Hessel & Associates was acquired by Daybright Financial, based in Woodbridge Township. The deal was reported on August 27, 2025. Daybright Financial is one of the nation's largest independent, privately held firms specializing in employee benefits and retirement plans. Daybright Financial is privately held and operates in Financial Services.

When did Daybright Financial acquire Hessel & Associates?

Daybright Financial's acquisition of Hessel & Associates was reported on August 27, 2025. Daybright Financial has acquired Hessel & Associates, LLC, enhancing its presence in the Midwest. Brooke Hessel Cline will remain the Managing Partner of Hessel as part of Daybright's team. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hessel & Associates do?

Hessel & Associates, LLC is a pension consulting firm and full-service Third-Party Administrator (TPA) founded in 1979. The company specializes in retirement plans for small to mid-sized employers. It is privately held, operating in Finance, and is based in Lincolnshire.

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