Principal Financial Group to Acquire Beam Benefits

"Skadden advised Principal Financial Group on its acquisition of Beam Benefits, an employee benefits provider serving over 25,000 small businesses. Beam offers dental, vision and ancillary benefits via a cloud-native, AI-driven technology stack and generated approximately $175 million in premiums in 2025. The transaction is subject to customary closing conditions and regulatory approvals."

Skadden represented Principal Financial Group in its acquisition of Beam Benefits. Beam Benefits is an employee benefits company serving more than 25,000 small businesses. The company provides dental, vision and ancillary benefits supported by a cloud-native technology stack with AI at its core, and has scaled rapidly in the small business segment, generating approximately $175 million in premiums in 2025. The transaction is subject to the completion of customary closing conditions and regulatory approvals. Skadden represented Principal Financial Group with a team composed by: Todd E. Freed, Liana-Marie Lien, Page W. Griffin, Jared H. Binstock and M. Oren Epstein.

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Principal Financial Group to Acquire Beam Benefits

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Principal Financial Group to Acquire Beam Benefits

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