RICHMOND, VA – Sept. 12, 2016 – OneDigital Health and Benefits, the nation’s largest employee benefits-only company, has acquired FahrenheitHR, forming a new Human Capital Solutions practice for OneDigital’s Mid-Atlantic operation. A former affiliate of The Fahrenheit Group, headquartered in Richmond, Va., FahrenheitHR provides consulting services focused on HR compliance and policy, executive coaching, organizational effectiveness and compensation, and benefit plan evaluation and development. This latest acquisition underscores OneDigital’s strategy of expanding the company’s national platform to include complementary lines of businesses.
“We continually look for opportunities to better assist our clients,” says Chris Schutt, managing principal of OneDigital’s Mid-Atlantic region. “We’ve had a strong partnership with The Fahrenheit Group and FahrenheitHR over the years, and adding the superior talent and consulting services of respected HR experts to our team will be a significant differentiator for us in the marketplace.”
OneDigital’s comprehensive advisory services and market-leading solutions are offered in 36 offices throughout the country. Responding to the convergence of broker consolidation, digitalization and an increase of millennials in the workplace, the 16-year-old company is staking a claim as “The new generation in health and benefits.” This position articulates the space in which OneDigital operates and highlights its ability to deliver fresh thinking ahead of the market, giving clients peace of mind that their approach to employee benefits is future-proof.
“We are excited about this transaction, which will benefit both organizations,” says Keith Middleton, co-managing partner and co-founder of The Fahrenheit Group. “Over the past six years, The Fahrenheit Group has become recognized as being the ‘go-to resource’ for employers experiencing tough challenges. OneDigital is a national industry leader and seized the opportunity to acquire a solid HR team that supports their new go-to-market strategy,” adds Middleton. “We look forward to continuing to work together and collaborating on behalf of our clients.”
“OneDigital’s strategy is to be at the forefront as the employee benefits, HR technology and HR services’ industries converge,” says Tom Wimer, principal of OneDigital Human Capital Solutions and former managing partner of FahrenheitHR. “OneDigital recently invested in GoCo.io, an HR technology company that developed an innovative tool to automate many key HR administrative functions, and our HR practice brings the wrap-around services and consulting capabilities to deliver a new, powerful suite of offerings for employers and their employees.”
About OneDigital Health and Benefits
OneDigital, nation’s largest company focused exclusively on employee benefits, combines people and technology to deliver the new generation of health and benefits. It provides fresh thinking ahead of the market, innovative approaches and market-leading solutions that give clients peace of mind. Serving companies of all sizes, OneDigital offers employers a sophisticated combination of strategic advisory services, analytics, compliance support, HR capital management tools and comprehensive insurance offerings. Headquartered in Atlanta, OneDigital has more than 800 employees throughout the country, serves 35,000 companies, partners with 275 leading brokers and manages nearly $4 billion in premiums. Formerly known as Digital Insurance and Digital Benefit Advisors, the company has been named to the Inc. 5000 List of America’s fastest-growing companies every year since the honor’s inception in 2007.
About The Fahrenheit Group
The Fahrenheit Group is a consulting and professional services firm that helps growth-oriented organizations overcome their most challenging hurdles to success. Fahrenheit focuses in three practice areas – Accounting and Finance, Business Advisory, and Executive Search, including interim, fractional, project consulting and direct hire services. By leveraging the extensive knowledge of our team, we understand our clients’ true needs and implement practical solutions. Our team of seasoned, C-level executives and consultants collaborate with management to define strategy, build road maps, execute initiatives, and deliver measurable results. We serve clients across all industries focusing on emerging growth and middle-market companies, including closely held, family-owned and private equity backed. Fahrenheit has offices located in Richmond, VA, Raleigh-Durham, NC and Phoenix, AZ.