About Benefit Resource
Benefit Resource is a company based in Rochester (United States) founded in 1993 by Anthony DiBarnaba and Thomas A Guiler was acquired by Millennium Trust Company in July 2023.. Benefit Resource has completed 3 acquisitions, including 121 Benefits, NCA and Pro-Flex Administrators.
- Headquarter Rochester, United States
- Founders Anthony DiBarnaba, Thomas A Guiler
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Millennium Trust Company
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
121 Benefits
& 2 more
- Acquired by
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Funding Insights of Benefit Resource
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Benefit Resource
Benefit Resource has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Millennium Trust Company and CIP Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are focused on middle-market growth companies.
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Founded Year | Domain | Location | |
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Custodial services for listed securities are provided by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Benefit Resource
Benefit Resource has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include 121 Benefits, NCA and Pro-Flex Administrators. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Employee benefits services are provided to businesses nationwide.
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2015 | ||||
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Employee health benefits and HR services are provided to businesses.
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2010 | ||||
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Payroll management and employee benefits services are provided.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Benefit Resource
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Benefit Resource Comparisons
Competitors of Benefit Resource
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Benefit Resource
When was Benefit Resource founded?
Benefit Resource was founded in 1993.
Where is Benefit Resource located?
Benefit Resource is headquartered in Rochester, United States.
Who is the current CEO of Benefit Resource?
Jason Hall is the current CEO of Benefit Resource.
What does Benefit Resource do?
Benefit Resource, established in 1993 and currently in Acquired stage, focuses on providing essential services. Provider of tax-free benefits programs and COBRA administration services. Adapting to market demands with innovation. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.
How many acquisitions has Benefit Resource made?
Benefit Resource has made 3 acquisitions, including 121 Benefits, NCA, and Pro-Flex Administrators.
Who are Benefit Resource's investors?
Benefit Resource has 2 investors. Key investors include Millennium Trust Company, and CIP Capital.