BenefitHub Strengthens its Employee Perks and Voluntary Benefits Platform with Acquisition of Abenity
BenefitHub, the leading global employee perks and voluntary benefits platform, adds Nashville-based private discount marketplace provider Abenity.
BenefitHub, the global market leader in delivering voluntary benefits and discounts to the country’s top employers and membership organizations, announced the close of a strategic transaction to acquire Abenity, a Tennessee-based provider of private perks programs. Over half a billion dollars of goods and services are purchased each year through the combined platforms.
The merger of these former competitors notably complements and expands one of the world’s largest private marketplaces for perks and benefits. The people that turn to BenefitHub and Abenity for savings do so on everything from deeply discounted home and auto insurance to planning travel, to buying tickets to concerts and sporting events, to shopping at their favorite retailers.
“This deal reinforces BenefitHub’s commitment to employers and membership organizations. With inflation at the highest levels seen in 20 years, and consumers purchasing power diminishing daily, our millions of registered users are looking for the best deals possible, so scale matters!” said BenefitHub CEO Jeff Litvack. “Pairing BenefitHub’s trusted platform and suite of products with Abenity’s in-line store solution will make accessing these deals quicker and easier.”
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Established in 1999, BenefitHub is a leading platform for voluntary benefits and employee engagement, serving over 10 million employees—nearly half the population of New York State. Many of these employees work for global Fortune 500 companies, including Amazon, Walmart, Lowe’s, Johnson & Johnson, American Airlines, UPS, AT&T, and Target. BenefitHub’s cloud-based technology platform empowers employers to offer a comprehensive range of voluntary benefits, insurance products, and discounted consumer goods and services, enhancing recruitment and employee retention. Advertisers benefit from precise customer targeting on the platform, achieving a market-leading return on investment. This value is further amplified by BenefitHub’s robust data and analytics engine, delivering enhanced outcomes for customers, employees, and advertisers alike.
Abenity is a 7x Inc. 5000 company based in Tennessee, launched in 2006 by brothers Brian and Mark Roland. Leveraging their direct-to-member model, the company helps employers, alumni groups, and associations supplement their benefits with thousands of private perks, discounts, and corporate rates on everything from pizza and the zoo to movie tickets, oil changes, theme parks, car rentals, and hotels. Abenity’s perks platform offers a top-rated mobile app as well as advanced features like location-based deal alerts, one-click smart links for easy enrollment, complete content controls, and white-labeling options to align with each organization’s specific branding requirements, including logo and design integration.
“There’s a shared vision here, so we are excited to support Jeff and the BenefitHub board as we join forces to better empower organizations around the world to improve the quality of work-life balance for their people,” said Brian Roland, co-founder and chair of Abenity. “BenefitHub holds an unparalleled geographic reach in our space that will benefit our strategic partners, merchants and member organizations.”
What Abenity and BenefitHub merchants, brokers and member organizations need to know:
• Our commitment to deliver the greatest value to your employees and members remains unchanged
• Members accessing our marketplaces can continue to do so without any disruptions or change to service
• Existing merchants and advertisers can immediately begin marketing offers on both platforms
Acquired by Inverness Graham in April 2024, BenefitHub is actively seeking acquisitions of businesses that provide high quality voluntary benefits and employee engagement capabilities and solutions.
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