OneDigital Continues to Diversify Product Offering for Employers Through Acquisition
OneDigital, the nation’s leading insurance brokerage, financial services, and HR consulting firm, has acquired Resourcing Edge (RE), a top 25 Professional Employer Organization (PEO) with a national footprint, another highlight in a period of focused and strategic expansion for the company.
“Broadening our insurance, financial services and workplace offerings has always been a strategic objective at OneDigital, and this acquisition will significantly enhance our national growth value proposition”
This acquisition is the first to bring a PEO offering into OneDigital’s suite of insurance, retirement and wealth, and human resources consulting capabilities, a significant milestone in the company’s growth focused on emerging capabilities for people management. The addition of RE’s technology and service model diversifies OneDigital’s workforce product offerings enabling the company to dynamically service SMBs through the combination of consulting, administration and technology throughout their lifecycle. The deal extends OneDigital’s footprint to service RE’s 750 customers, representing over 20,000 worksite employees across the nation.
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“Broadening our insurance, financial services and workplace offerings has always been a strategic objective at OneDigital, and this acquisition will significantly enhance our national growth value proposition,” said Mike Sullivan, Co-Founder and Chief Growth Officer at OneDigital. “We are passionate about providing integrated solutions for SMBs, and the acquisition of RE will expand and complement the OneDigital offering. Ted Crawford and the team at RE have the leadership, depth and acumen, along with the culture to fit into our growing platform, and we look forward to welcoming the team to OneDigital as we usher in the next phase of growth.”
Founded in 2003 and expanding with cutting-edge technology, RE is an industry leader in workforce management solutions, providing consulting, administrative and technology services to employers across 44 states. The firm focuses on developing long-term strategies to control costs, reduce risk, better manage payroll, human resources, employee benefits, and workers’ compensation insurance. With the acquisition, 105 employees have joined the OneDigital team.
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“We are proud to join the OneDigital team as the first Professional Employer Organization, having the opportunity to shape the solution at ground level,” added Ted Crawford, CEO of Resourcing Edge. “OneDigital’s breadth of experience, extraordinary distribution footprint and outstanding network in the small group space gave us the best path forward to continue our superior growth and provide our clients with integrated workplace solutions.”
In addition to delivering an entirely new component to OneDigital’s offerings and services, this acquisition is in line with OneDigital’s strategy to continue growing its presence as the most dominant player in the insurance, financial services and HR consulting space, both through a series of solution expansions, organic growth and M&A activity.
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