Principal Financial Group, Inc. (NasdaqGS:PFG) entered into a definitive agreement to acquire dental network in Alabama of Southland Benefit Solutions LLC on March 3, 2026. Principal will also obtain renewal rights for a block of group insurance contracts through Canopy Insurance, which, along with SBS, is a subsidiary of Collateral Holdings, LLC. This agreement will increase the number of Principal wholly owned networks, with DentaNet joining Principal Preferred Provider Network, Diversified Dental Services, and First Dental Health.
Perella Weinberg Partners LP acted as financial advisor and Todd Freed and Liana-Marie Lien of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for Principal Financial Group, Inc. Sherman & Company Holdings LLC acted as financial advisor and Maynard Nexsen PC acted as legal advisor for Collateral Holdings Ltd.
Principal Financial Group, Inc. is one of the leading American financial services groups. Income breaks down by activity as follows:
- retirement fund management (50.9%);
- life, disability and individual and collective protection insurance (30.9%);
- asset management (17.5%);
- other (0.6%).
At the end of 2025, the group had USD 781 billion in assets under management.
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Global
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ESG MSCI
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