Voya Financial, Inc. completed the acquisition of Benefit Strategies, LLC.
July 30, 2021
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Voya Financial, Inc. (NYSE:VOYA) entered into an agreement to acquire Benefit Strategies, LLC on May 10, 2021. Approximately 150 Benefit Strategies employees, including Paul Smith, Chief Executive Officer and founder of Benefit Strategies, will join Voya after the transaction closes. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021. Laura Bagarella, Jason R. Factor, Glenn P. McGrory and Charles (Beau) Sterling of Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Voya Financial, Inc. in the transaction.
Voya Financial, Inc. (NYSE:VOYA) completed the acquisition of Benefit Strategies, LLC on July 1, 2021.
Voya Financial, Inc. is a provider of workplace benefits and savings solutions and technologies. Wealth Solutions segment provides retirement plan solutions and administration technology and services to employers. Its products and services include full-service and recordkeeping-only defined contribution plan administration; stable value and fixed general account investment products; and services to promote the financial well-being and retirement security of employees. Health Solutions segment provides worksite employee benefits, Health Account Solutions, leave management, financial wellness and decision support products and services to mid-size and large corporate employers and professional associations. Investment Management segment serves both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums.