OneDigital has acquired HM Employee Benefits and Risk Management (HM), located in St. Louis, Missouri.
This acquisition is the first to integrate property/casualty (P/C) into OneDigital’s suite of health, retirement and wealth, and human resources consulting services. The partnership represents a turning point for OneDigital as it enters the traditional multiline agency arena.
Founded in 1991 and led by Chairman, President and CEO Mike Shanahan, HM provides employee benefits and risk management services to clients in all 50 states and 60-plus countries. With the acquisition, 130 employees have joined the OneDigital team.
Insurance M&A consulting firms Waller Helms and Dowling Hales advised OneDigital and HM in the transaction, respectively.
OneDigital is a health, retirement/wealth, and HR advisory firm focused on empowering business growth for employers of all sizes. The acquisition of HM brings an entirely new component to OneDigital’s offerings and services.
Source: OneDigital
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