News, Mergers & Acquisitions
OneDigital Acquires Benemax
OneDigital Acquires Benemax
Acquisition Continues Growth and Strengthens Market Presence Throughout New England
ATLANTA, GA – December 16, 2021 – OneDigital, the nation's leading insurance brokerage, financial services and HR consulting firm, has acquired Benemax. Located in Medfield, MA, the addition of Benemax strengthens the firm’s presence in the New England states.
Since its founding in 1985, Benemax has specialized in benefit design, claims administration, compliance, employee health and wellness strategies, COBRA and Flexible Spending Account administration. Benemax’s approach to client engagements is consultative and analytical in nature, highly oriented towards client and member service and focused on achieving measurable results. With the acquisition, 40 employees have joined the OneDigital team to continue providing outstanding service and support to their clients.
“We are thrilled that Benemax has joined our OneDigital team. Benemax has served as a high-quality benefits advisor offering a unique funding model for group health insurance plans for over three decades. They’ve earned an outstanding reputation for service and thought leadership in the New England marketplace. Together, we will deliver a strategic approach to clients' workforce needs by leveraging our combined strengths to make employee benefits less complicated and more effective.”
— Mike Ward, Senior Managing Principal, Massachusetts, OneDigital
“We’re proud of the successes we have accomplished as the oldest continuously operating consumer-directed health care company in the United States, and our personal-touch approach in how we support our clients,” said Bill Garnett, Principal of Benemax. “OneDigital shares the same outlook with their employees and clients. We’re very excited to join forces with OneDigital and look forward to continuing to deliver on our mutual mission to everyone we serve.”
William Garnett, Paul Cunniff, and Paul Cadieux will continue to lead the Medfield office in adjacent roles as Principal, Senior Client Executives with OneDigital.
As an industry leader, OneDigital seeks out entrepreneurial organizations to expand its comprehensive advisory services and market-leading solutions. The firm's niche for strategic partnerships is backed by its significant growth and successful expansion into new service verticals, fueling its investments in technology solutions and other resources that deliver efficiencies for broker partners and their customers.
OneDigital delivers strategic advisory consulting and technology-forward solutions to more than 85,000 employers across the nation. As employee health care, wellness and workplace benefits continue to converge, businesses of all sizes have relied on OneDigital’s exceptional advisory teams for counsel in employee benefits, wellbeing, human resources, pharmacy consulting, property and casualty solutions, as well as the retirement and wealth management services provided through OneDigital Investment Advisors. OneDigital’s commitment to technology and innovation enables its 2,800 advisors to deliver the most modern and intuitive customer experience anywhere in the industry.
OneDigital has been named as a Best Place to Work in Insurance by Business Insurance. For more information, visit onedigital.com.
Benemax, the Benefit Management Company, is the oldest continuously operating Consumer Directed Healthcare company in the United States. Founded in 1985, this full-service company represents more than 350 clients of varying sizes in various market sectors throughout the United States and is licensed with and recognized by all the major domestic group insurance carriers.
With a staff of 40 permanent full-time employees, Benemax is resourced to provide expertise in benefit design, claims administration, compliance, employee health and wellness strategies, COBRA and Flexible Spending Account administration. Benemax’s approach to client engagements is consultative and analytical in nature. We are highly oriented towards client and member service and focused on achieving measurable results, both in the short- and long-term.
Finding the best, most cost-effective solution to meet an employer’s group benefit objectives has been Benemax’s calling since 1985. Cost/expense reduction, effective plan administration, outstanding service and support, and long-term relationships with our clients have been hallmarks of our engagements.