OneDigital Health and Benefits acquires Chevy Chase firm
Atlanta-based OneDigital Health and Benefits is expanding its reach in the Virginia-Washington D.C.-Maryland region.
The benefits consulting company has acquired C.T. Hellmuth and Associates in Chevy Chase, Md., which has operated in the Washington area for 44 years.
Financial details of the acquisition were not disclosed.
As a result of the deal, the region has become the largest in the country for OneDigital, with more than 110 employees and 3,500 clients. Twenty-six Hellmuth associates have joined OneDigital.
“This alignment of firms represents a significant expansion of OneDigital’s middle-market benefits consulting capability in the mid-Atlantic region and nationally. Jim Hellmuth and his talented team fit our culture like a glove, bringing a reputation for client service that is unique in the marketplace,” Mike Sullivan, chief growth officer of OneDigital, said in a statement. “Our selective consolidation strategy remains focused on teams and capabilities that will thrive in a culture built on innovation and collaboration. When your focus is building for the long term, it is acquisitions like this that help solidify our foundation.”
Jim Hellmuth, president of C.T. Hellmuth, will report up through Chris Schutt, regional managing principal for OneDigital Mid-Atlantic.
OneDigital has more than 850 employees throughout the country, serving 35,000 companies. The firm works with 275 major brokers and manages nearly $4 billion in premiums.
Formerly known as Digital Insurance and Digital Benefit Advisors, the company has been named to the Inc. 5000 List of America’s fastest-growing companies every year since 2007.