EOI Positions Itself for Growth & Continued Success

Santa Ana, CA – December 16, 2020 – EOI Service Company is pleased to announce that Housatonic Partners, a private equity investment firm that advises and invests in emerging industry leaders, has made an investment in EOI Service Company.

Together, Housatonic Partners and the EOI Service Company leadership team will explore opportunities for growth and advancement while staying true to the team’s customer-focused approach. This partnership will enable EOI to continue investing in its people, technology, and industry-leading innovations and allow EOI to leverage its leading position in the growing field of benefit communication and employee engagement.

“EOI Service Company has grown significantly over the years. In order to continue exceeding our broker partners’ and clients’ expectations, we’ve explored different options to grow and expand our suite of services. With purpose and diligence, we found a partner who appreciates and values our culture, our team members, and the legacy we’ve built over the last 40 years,” said EOI Chairman & CEO Jim Davidson.

“We are excited about the partnership with Housatonic because they respect and admire the company we’ve built,” Davidson continued. “They want to preserve it while helping us continue to innovate and pursue accelerated growth in existing and new markets. We will be the same organization with the same great team and look forward to additional insight and perspective.”

Housatonic Partners will be key in providing strategic vision and long-term growth capital to the tenured EOI leadership team. Since EOI was established in 1978, Jim Davidson has led the organization with success and will continue to serve as the Chairman and CEO. EOI’s leadership team will remain intact with John Allen as President and Chief Distribution Officer and Katie Bikulcius as President and Chief Operating Officer.

Housatonic Partners’ Managing Director Joe Niehaus, who has joined the EOI Board of Directors, added, “EOI is a highly respected organization in their industry and among their clients. We are excited to partner with Jim, John, Katie, and the EOI team as the company enters its next stage of growth and opportunity.”

Financial terms of the transaction were not disclosed.

About EOI Service Company

After 40 years in business, EOI’s unique capabilities in strategic planning, product evaluation, communication, and enrollment services are stronger than ever. In fact, EOI is achieving its 10th consecutive record year in 2020.

EOI has expanded their suite of value-added services well beyond the design, communication, and enrollment of benefit programs to now include a wider array of services designed to meet corporate and HR initiatives. EOI prides itself on its continuous innovation and expansion of services.

EOI has offices in Chicago, Illinois; Santa Ana, California; Grand Junction, Colorado; New York; Dallas, Texas; and the Baltimore/Washington D.C. area and is licensed in all 50 states. From 1978 to the present, the company has been led by the same management group and is well-known for its team of salaried, professional benefit counselors. 

About Housatonic Partners

Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.3 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 90 small to mid-sized companies over the last 26 years. For more information, please visit www.housatonicpartners.com.  

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