OneDigital Health and Benefits, formerly known as Digital Benefit Advisors, acquired locally based FahrenheitHR.
On the heels of a recent rebrand, a health benefits consulting company struck a deal to diversify its holdings and expand its presence in Richmond.
OneDigital Health and Benefits, formerly known as Digital Benefit Advisors, announced Monday its acquisition of locally based FahrenheitHR for an undisclosed amount.
The deal closed Sept. 1, said Chris Schutt, a principal at OneDigital.
FahrenheitHR had been the human resources division of Fahrenheit Group, a company that offers advisory, accounting, finance, and staffing and executive searches. Those other divisions were not part of the OneDigital deal.
Fahrenheit earlier this year was on the other end of acquisition, after buying an executive staffing company in North Carolina.
OneDigital helps companies with employee insurance offerings, compliance support and human resources capital management.
The company, headquartered in Atlanta, operates four Mid-Atlantic offices in Virginia – in Richmond, Reston, Charlottesville and Roanoke – that service a number of companies and clients throughout the Washington, D.C., Maryland and Virginia area.
Chris Schutt
About 65 people were originally employed throughout OneDigital’s Mid-Atlantic offices in the commonwealth, Schutt said. With FahrenheitHR in the fold, the company’s Virginia workforce now stands at 85 and is expected to grow.
Schutt said with the acquisition of FahrenheitHR, OneDigital will be able to pad its existing services for clients, including a renewed focus and approach to human resources compliance, and health benefits services for businesses.
“The needs of our clients continue to change…and there has been some convergence in the industry when it comes to employee benefits and attracting and retaining employees,” Schutt said. “This acquisition better positions us to address those needs for current and future clients.”
OneDigital Health and Benefits, formerly known as Digital Benefit Advisors, acquired locally based FahrenheitHR.
On the heels of a recent rebrand, a health benefits consulting company struck a deal to diversify its holdings and expand its presence in Richmond.
OneDigital Health and Benefits, formerly known as Digital Benefit Advisors, announced Monday its acquisition of locally based FahrenheitHR for an undisclosed amount.
The deal closed Sept. 1, said Chris Schutt, a principal at OneDigital.
FahrenheitHR had been the human resources division of Fahrenheit Group, a company that offers advisory, accounting, finance, and staffing and executive searches. Those other divisions were not part of the OneDigital deal.
Fahrenheit earlier this year was on the other end of acquisition, after buying an executive staffing company in North Carolina.
OneDigital helps companies with employee insurance offerings, compliance support and human resources capital management.
The company, headquartered in Atlanta, operates four Mid-Atlantic offices in Virginia – in Richmond, Reston, Charlottesville and Roanoke – that service a number of companies and clients throughout the Washington, D.C., Maryland and Virginia area.
Chris Schutt
About 65 people were originally employed throughout OneDigital’s Mid-Atlantic offices in the commonwealth, Schutt said. With FahrenheitHR in the fold, the company’s Virginia workforce now stands at 85 and is expected to grow.
Schutt said with the acquisition of FahrenheitHR, OneDigital will be able to pad its existing services for clients, including a renewed focus and approach to human resources compliance, and health benefits services for businesses.
“The needs of our clients continue to change…and there has been some convergence in the industry when it comes to employee benefits and attracting and retaining employees,” Schutt said. “This acquisition better positions us to address those needs for current and future clients.”