High Street Capital has sold BeneSys, Inc., a benefits payment processing company, to The Riverside Company, marking a strategic move that leverages BeneSys's growth and market position.

Information on the Target

BeneSys, Inc., headquartered in Troy, Michigan, is a prominent provider of benefits payment processing services. Specializing in third-party administration and outsourced software services, the company primarily caters to Taft-Hartley union trust funds. BeneSys has established itself as a technology leader in its sector, providing high-quality services that significantly streamline the administration of benefits for its customers.

Under the leadership of CEO George Buhalis, BeneSys experienced substantial growth. Throughout a nine-year partnership with High Street Capital, the company's revenues tripled, demonstrating its effectiveness in enhancing operational efficiency and customer satisfaction through innovative technology and a strong management team.

Industry Overview in the Target’s Specific Country

The benefits processing industry in the United States has undergone significant evolution in recent years. An increasing demand for efficient and reliable administration services has prompted businesses to seek specialized pro