M&A Deal Summary

Edelman Financial Engines Acquires New England Pension Plan Systems

On December 14, 2023, Edelman Financial Engines acquired insurance company New England Pension Plan Systems

Acquisition Highlights
  • This is Edelman Financial Engines’ 1st transaction in the Insurance sector.
  • This is Edelman Financial Engines’ 8th transaction in the United States.
  • This is Edelman Financial Engines’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2023-12-14
Target New England Pension Plan Systems
Sector Insurance
Buyer(s) Edelman Financial Engines
Deal Type Add-on Acquisition

Target

New England Pension Plan Systems

Providence, Rhode Island, United States
New England Pension Plan Systems is a national, full-service retirement-plan consulting firm offering various levels of advisory and consulting services to employee benefit plans and to the participants. New England Pension Plan Systems is based in Providence, Rhode Island.

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Buyer(S) 1

Buyer

Edelman Financial Engines

Santa Clara, California, United States
Category Company
Founded 1986
Sector Financial Services
Revenue 311M USD (2015)
DESCRIPTION

Edelman Financial Engines is a financial planning and investment management firm. Edelman Financial Engines was founded in 1986 and is based in Santa Clara, California.

DEAL STATS #
Overall 9 of 10
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Rhode Island) 1 of 1
Country (United States) 8 of 9
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 PRW Wealth Management

Quincy, Massachusetts, United States

PRW Wealth Management is a Registered Investment Advisor that provides a comprehensive range of wealth management capabilities, with a focus on strategic planning, investment management, and the transfer of wealth. It manages over $500 million in assets under management (AUM) for approximately 200 clients, including individuals, families, endowments and foundations, and business owners. PRW Wealth Management is based in Quincy, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 Soundmark

Kirkland, Washington, United States

Soundmark is an investment advisory firm. The company offers financial planning, building diversified portfolios using low-cost, tax-efficient, asset class, and index funds. Soundmark was founded in 2008 and is based in Kirkland, Washington.

Buy -
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