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 and no operational risk. Roll it across the book and the savings compound into enterprise value at exit.

Model it across your portfolioHow the strategy works
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.

Repeatable across the book

One playbook, rolled company by company. No bespoke turnaround and no operational disruption — 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.

Independently validated

These aren't our numbers. They're a third party's.

23
organizations across sectors, results independently validated
≈ $10,800
in claims moved off-plan per enrolled employee
$5,500–$16,000
the validated per-employee range across sectors

A third-party-audited sample of 2024 results across multiple sectors — only a sample; actual results span far more organizations and run higher today as per-employee costs rise. Net savings vary by company.

Run the numbers

Model a representative holding — then multiply.

Start with one portfolio company; the same play repeats across the book. Treat this as directional — the real model is built from each company's census, confidentially, before any commitment.

Get your confidential model
Order-of-magnitude estimate
interactive
500150,000
$
Likely participantsOn average about 30% of a company's workforce qualifies for this program once single-person households, dual-eligibles, and similar factors are counted. We model a conservative 10–20% actually enrolling.
200
Savings per participant
$13,000$14,500
after a $4,000–$5,500 program costThe program averages $4,000–$5,500 per enrolled employee; the rest is your savings. Those savings are independently validated — audits by the Validation Institute documented roughly $5,500 to $16,000 in claims moved off-plan per enrolled employee.Source: Validation Institute, 2024 validated results (on file).
Projected annual savings
$2,600,000+
$13,000,000+ over a typical 5-year engagement
A directional estimate at 20% participation. The real model is built from your census and replaces this number with a defensible one.
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.

Request a PresentationSee how we work