Allied Benefit Systems, LLC Asset Profile

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Year established

1980

Location

Chicago IL US

Primary Industry

Insurance

About

Based in Illinois, US, and founded in 1980, Allied Benefit Systems, LLC provides employer self-insurance benefits solutions. The company is a provider of a range of administrative services like compliance services, claims management, Allied ACP, COBRA, and Allied FLEX to over 9000 customers across the US. Till 2022, the company has grown to one of the largest third-party administrator in the United States. In 2021, Stone Point Capital acquired Allied Benefit Systems, LLC. In 2021, the company received a strategic investment from Stone Point Capital. The company works with the organization's employees and their families to provide self-insurance services solutions to comply with individual preferences and organizational needs while incorporating medical management technologies and cost-control strategies.

Current Investors

Stone Point Capital

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Primary Industry

Insurance

Sub Industries

Health Insurance, Analytics & Performance Software

Website

www.alliedbenefit.com

Verticals

InsureTech

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on, Trade Sale
Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Medxoom, Inc.	18 Jul 2023
Completed	Allied Benefit Systems, LLC	16 Nov 2020

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