Miller Johnson Represents Next Generation Enrollment in Sale to PlanSource
Miller Johnson is pleased to announce that, in January 2017, the shareholders of Next Generation Enrollment sold the business to PlanSource. Next Generation Enrollment offers services such as call centers, eligibility audits, account management, billing payment, etc. designed to automate employee benefits administration. PlanSource, a leading technology company, offers cloud-based benefits and HR software for benefits administration, insurance exchanges, and human capital management.
Customers will now have access to both benefits technology and services from one company. Bradley Taylor, CEO and Founder of Next Generation Enrollment, said, “Both PlanSource and Next Generation Enrollment have the tools, software and services to help organizations empower their employees with a great benefits experience.” At the time of the transaction, they had 300 clients in common.
Miller Johnson’s transaction team consisted of Max Barnes (Corporate), Mark Rizik (Tax), Neil Williams (Tax) and Mary Bauman (Employee Benefits).
Next Generation Enrollment
(nextgenerationenrollment.com) Next Generation Enrollment was founded in 2004 and is based in Ada, Michigan. They have approximately 900 clients who range from 50 to 35,000 employees. Because of its reputation for innovation and rapid trajectory growth, Next Generation Enrollment was featured three times by Inc. in the annual 5000 fastest growing companies’ recognition.
(plansource.com) Based in Orlando, FL, PlanSource serves nearly 10,000 employers and 3.5 million consumers by creating a better benefits and HR experience. This acquisition is the most recent in an extended period of growth for PlanSource.
Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group is adept at negotiating, structuring, and advising clients with respect to the various challenges that arise in the context of mergers, acquisitions, dispositions or other business combinations.
Miller Johnson is listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked among America’s Best by Chambers USA. At the M&A Deals and Dealmakers Awards presented annually by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys are consistently involved in deals honored as finalists for the Best Company Deal category. For further information, please contact Max Barnes at (616) 831-1725 or Dustin Daniels at (616) 831-1737.