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Trustmark Acquires Fitreserve To Expand Existing Fitness Capabilities

May 10, 2022•over 3 years ago

Acquiring Company

Trustmark

Acquired Company

GoRecess, Inc.

Lake ForestNew YorkEmployee BenefitsInsuranceHealth CareSoftware

Description

National employee benefits provider Trustmark is pleased to announce the acquisition of FitReserve, a multi-studio fitness subscription that allows members to mix and match in-person, live stream, and on-demand workouts from the top studios and instructors. The acquisition will further enhance the comprehensive corporate fitness management solutions offered by Trustmark subsidiary HealthFitness.

Company Information

Company

Trustmark

Location

Lake Forest, Illinois, United States

About

Trustmark, through its operating divisions and subsidiaries, offers specialized expertise in voluntary benefits, self-funded health plan design and administration for smaller employers, and in-person and virtual corporate and community fitness solutions. Trustmark’s commitment to building long-term, trusted relationships helps people, businesses, and communities thrive. Trustmark: benefits beyond benefits.

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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