One value-creation lever. Every company in the portfolio.

Benefits is an operating expense at every company you hold — so reducing it lifts EBITDA at each one, with no revenue to chase, no plan redesign, no carrier disruption, and minimal operational lift. Roll it across the book and the savings compound into enterprise value at exit.

Model One Platform Company FirstRead about the opportunity
Why it fits a portfolio

Operating-partner math: pure margin, repeatable, multiplied at exit.

Pure EBITDA, every holding

Benefits is operating expense. Dollar for dollar, every dollar saved lifts EBITDA — the same lift through revenue, at a 10% margin, would take $10 of new sales. Based on historical client data, the program has averaged $6,000–$8,000 in annual savings per participating employee — $600,000–$800,000 a year per 100 participants. Results vary by workforce and plan design.

Repeatable across the book

One playbook, rolled company by company. No bespoke turnaround and minimal operational lift — the plan, the carrier, and the people stay exactly as they are.

Compounds at your multiple

Recurring EBITDA isn't worth $1 — it's worth your exit multiple. At 8–12×, a six-figure annual saving becomes seven figures of enterprise value.

The pilot path

Model one platform company first. Then decide whether to roll it across the portfolio.

Pick the holding with the largest benefit-enrolled headcount. One de-identified census, one model, one leadership presentation. If the number holds, the playbook repeats at every other company — and if it doesn't, you've spent nothing finding out.

The exit math

A value-creation lever that works across the whole portfolio.

Benefits savings is the rare lever that needs no top-line growth and no operational turnaround — it's pure EBITDA, repeatable at every holding.

Roll it across the portfolio and, at your exit multiple, that recurring saving compounds into enterprise value — created from a cost line each company was already paying.

What a recovered dollar is worth
$1
saved on what you already spend on benefits
= $1.00 of EBITDA
straight to operating profit — matching it through sales would take ≈$10 of new revenue at a 10% margin
≈ $8–$12 of value
created per dollar saved, at a typical 8–12× EBITDA valuation multiple
Illustrative. Multiples vary by company, sector, and deal — and not every business is valued on EBITDA.

No carve-out, no disruption — nothing about any company's plan changes.

Carrier & network
No change
Plan design & renewal
No change
Broker of record
No change
Employee coverage
Same or better
Related briefingThe Benefits Lever That Drops Straight to EBITDA: A Guide for PE OperatorsRead the briefing

Bring it to one company, or the whole portfolio. We'll model either.

A confidential model, built from each holding's de-identified census, shows how much of this opportunity the workforce actually holds — before you commit to anything.

Request a Confidential ReviewSee the evaluation process