Voya Financial, Inc. (NYSE:VOYA) entered into an agreement to acquire Benefit Strategies, LLC on May 10, 2021. Approximately 150 Benefit Strategies employees, including Paul Smith, Chief Executive Officer and founder of Benefit Strategies, will join Voya after the transaction closes. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021. Laura Bagarella, Jason R. Factor, Glenn P. McGrory and Charles (Beau) Sterling of Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Voya Financial, Inc. in the transaction.

Voya Financial, Inc. (NYSE:VOYA) completed the acquisition of Benefit Strategies, LLC on July 1, 2021.