Alight Solutions is the largest provider of outsourced benefits administration and human capital technology in the United States. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. The Company’s clients include over 1,400 employers, including over 60 of the Fortune 100 and over 220 of the Fortune 500, through which the Company supports over 37 million plan participants. The Company is headquartered in Lincolnshire, IL and employs approximately 22,000 people.
New Mountain partnered with Blackstone to diligence and ultimately complete the acquisition of Alight Solutions from Aon plc (NYSE: AON) in May 2017. Alight Solutions falls at the intersection of multiple, long-standing New Mountain “deep-dive” efforts, including human capital management (e.g., Alexander Mann Solutions), businesses services companies that lower costs while raising quality (e.g., Equian, Connextions) as well technology-enabled healthcare administration (e.g., Convey Health Solutions). Throughout diligence, New Mountain was able to leverage key advisors to provide unique perspectives on the business: New Mountain Senior Advisor Bal Dail was previously CEO of Aon Hewitt; Andrew Appel, CEO of IRI, was previously COO of Aon; and Ash Patel, CIO of IRI, was previously CIO of Aon.