Houlihan Lokey Advises Guardian Life

Houlihan Lokey is pleased to announce that ReedGroup, an expert in leave management solutions and a subsidiary of The Guardian Life Insurance Company of America (Guardian), has been acquired by Alight Inc. (NYSE:ALIT), a leading cloud-based human capital and technology services provider. The transaction was announced on December 6, 2022.

ReedGroup is the largest exclusive tech-enabled provider of absence management solutions to the large employer market in the U.S. and Canada. It provides absence services, disability management, and clinical decision support. The business has four core segments, outsourcing, SaaS Canadian outsourcing, and MDGuidelines®. ReedGroup serves nearly 50% of Fortune 100s with operations across the United States, Canada, and India.

Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth, and well-being decisions for 36 million people and dependents.

Guardian makes a difference in the lives of people when they need it most. With more than 160 years of stability and fiscal integrity, Guardian is a trusted partner to 29 million consumers, helping them prepare and plan for a bright future and recover and thrive in times of unexpected loss. Guardian believes in inspiring well-being and driving value beyond dividends. Guardian invests in its colleagues and is building a progressive and inclusive culture—and Guardian uplifts communities through thoughtful social and environmental programs. Guardian is a Fortune 250 mutual company based in New York City and a leading provider of life, disability, dental, and other benefits. Its 9,000 colleagues and 2,500 financial representatives serve with care and expertise, and its commitments rest on a strong financial foundation, which included $10.7 billion in capital and $1.9 billion in operating income at year-end 2021.

Houlihan Lokey served as the exclusive financial advisor to ReedGroup and assisted in marketing, structuring, and negotiating the transaction on behalf of Guardian.

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