Exciting news! We’re thrilled to announce the acquisition of Beneplace, a premier benefit provider that supports Fortune 1000 companies, government agencies and other large organizations. Through this acquisition, EBG will increase its reach and diversification as an e-commerce company, with a portfolio of expanded employee perks and benefits, including auto and health insurance, dental and vision, disability and long-term care, among many others. We look forward to continued success with the integration of Beneplace into our EBG family!
Read all the details in the press release below.
October 8, 2019 (Aventura, Florida) – Entertainment Benefits Group (EBG), one of the fastest growing e-commerce companies in the United States specializing in travel and entertainment, announced today the acquisition of Beneplace, a leading platform provider that supports Fortune 1000 companies, government agencies, and other large organizations. The acquisition of Beneplace expands EBG’s solutions for corporations, affinity and membership groups, brands and suppliers, broadening the offering for EBG’s 40,000+ corporate clients and combined reach of more than 50 million employees.
A premiere voluntary benefit platform provider, Beneplace reaches more than nine million people through an employee discount platform offering well-known products and services, such as consumer electronics, vacations, apparel, automobiles, tax preparation, financial services, health & wellness, and many other employer perks. Beneplace also specializes in delivering a comprehensive voluntary benefits suite that includes unique and exclusive rates on insurance for auto & home, supplemental health products, ID theft protection, dental and vision, disability, group legal, and long-term care, among many other benefits.
The Beneplace acquisition is complementary to EBG’s current corporate offerings and will increase EBG’s reach and diversification as an e-commerce company with the portfolio of expanded employee perks and benefits. EBG CEO and Founder Brett Reizen, along with senior management, will lead the expanded company with more than 550 employees and offices in Aventura, FL (Miami area), New York, Las Vegas, Orlando, Los Angeles, and Glastonbury, CT. Beneplace will maintain and grow its operations in Austin, TX. Prior to its sale, Beneplace was majority-owned by Platform Partners, a Houston-based investment firm specializing in growing middle-market companies.
Beneplace offers world class employer solutions that holistically help companies and their employees save money through an expansive savings marketplace. The platform is customized to support employee acquisition and retention while providing a suite of benefits that support financial wellness, life events, and personal health for employees. “At EBG, we respect and value Beneplace’s mission to enhance quality of life through their services provided to its clients and employees,” said Reizen. “These shared values and our mutual desire to deliver rewarding solutions will be the foundation of our relationship with Beneplace to ensure continued success, as well as a smooth integration into the EBG family.”
EBG owns and operates the largest entertainment and travel benefits program in the country. This unique platform helps over 40,000 companies with a combined reach of more than 50 million employees with access to exclusive perks for entertainment, travel and other products and services nationwide, including theme parks, hotel accommodations, thousands of local attractions, events and more. EBG is the largest sales partner for many of the major theme parks, attractions, entertainment producers, and other travel organizations in the country. EBG has fueled its growth through investment partnerships with Creative Artists Agency (CAA) and the Shubert Organization, as well as through other acquisitions the company has made.
About Entertainment Benefits Group
EBG is an e-commerce company that specializes in entertainment, travel, and merchandising products and services through its proprietary platforms including the largest entertainment perks brands, TicketsatWork, Plum Benefits and Working Advantage. Through private, membership-based programs and other direct distribution channels, the company generates millions of transactions annually – reaching a captive audience and providing leading brands in entertainment, sports, travel, retail & services with incremental distribution opportunities. Headquartered in Aventura, FL (Miami area), with offices in New York, Las Vegas, Orlando, Los Angeles and Glastonbury, CT, EBG owns and operates the largest and most comprehensive travel and entertainment benefits program in the country. EBG powers a robust portfolio of technology solutions, and also owns and operates a network of consumer and membership-based websites. Learn more at www.entertainmentbenefits.com.
Reggie Lyons | 407-446-0812 | [email protected]
Beth McClinton | 424-288-2247 | [email protected]