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Mergers & Acquisitions ·

Horace Mann completes $115M all-cash acquisition of employee assistance program provider ESI

HMNHorace Mann Educators Corp

Horace Mann Educators Corporation completed its acquisition of all equity interests in Employee Services LLC (ESI) for $115 million in an all-cash transaction subject to customary purchase price adjustments. ESI is an employee assistance program provider offering confidential counseling and work-life resources, which complements Horace Mann's existing insurance and financial solutions by addressing mental health needs. This acquisition expands the company's ability to support school districts and other employers. The deal was initially announced on July 21, 2026. Raymond James & Associates served as financial advisor and Eversheds Sutherland (US) LLP as legal counsel for Horace Mann. Horace Mann Educators Corporation is a multiline financial services company focused on providing insurance and financial solutions to educators.

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