Sell Side Advisor
Kroll's Healthcare Investment Banking Team Advised TRI–AD on Its Sale to Navia Benefit Solutions
On November 14, 2022, TRI-AD (the “Company”) was acquired by Navia Benefit Solutions (“Navia”), a portfolio company of TA Associates and Shore Capital Partners.
Kroll served as the exclusive financial advisor to TRI-AD in connection with the sale.
About TRI-AD
TRI-AD is a long-time provider of health and wealth benefit administration solutions to all market segments. Health services include Eligibility and Enrollment (Ben Admin), Consumer Directed Health Plans (FSA, HSA, HRA, Commuter), Custom Reimbursement plans (Lifestyle, Tuition, etc.), COBRA and Direct Bill. Wealth services include 401(k), 403(b), PSP, DBP, Investment Advisory Services, SnapIRA and other custom solutions.
TRI-AD was founded in 1974 as a retirement plan consulting and administration firm and has grown into a nationally recognized high-touch, health and wealth administration service provider. TRI-AD’s hallmark has been the development of long-term and mutually beneficial relationships with its clients and a superior service experience for their plan participants.
About Navia Benefit Solutions
Navia Benefit Solutions is a national, consumer-directed benefits provider serving 4,000+ employers across all 50 states. Navia provides comprehensive health, life and compliance solutions to employers and consumers, and offers industry-leading customer service, communications and technology.
Founded in 1989, Navia began as Flex-Plan Services, and over the years has grown into one of the nation’s premier benefit providers. Navia offers FSA, HSA, HRA, Commuter, Wellness and COBRA administration.
Corporate Finance and Restructuring
Middle Market M&A, Strategic Advisory, Debt Advisory and Private Capital Markets, Restructuring and Insolvency Services, Financial Due Diligence, Fairness Opinions, Solvency Opinions and ESOP/ERISA Advisory
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
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