Ascensus - M&A Summary, Ownership, and Business Overview

Business ServicesCompany

Ascensus M&A Summary

Ascensus has acquired 42 companies of its own, including 12 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 2 assets.

Ascensus has acquired in 21 different US states. The Company’s most targeted sectors include business services (62%) and insurance (21%).

Ascensus Ownership

Who owns Ascensus?

Ascensus is owned by Genstar Capital, GIC and Stone Point Capital. It was acquired on April 26, 2021.

Is Ascensus PE-backed?

Yes. Ascensus is owned by private equity investors Genstar Capital, GIC and Stone Point Capital.

Was Ascensus formerly PE-backed?

Yes. Ascensus was formerly owned by 3 private investors.

Ascensus Business Overview

Where is Ascensus headquartered?

Ascensus is headquartered in Dresher, Pennsylvania.

What sector is Ascensus in?

Ascensus is a business services company.

When was Ascensus founded?

Ascensus was founded in 1980.

M&A Summary

  • M&A Total Activity41
    • M&A Buy Activity39
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 1

Ascensus

Ascensus LLC

200 Dryden Road,
Dresher, Pennsylvania 19025
United States,
(215) 648-8000
www.ascensus.com

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 34 - 4 - - 1 39
Sell (0.2/yr) # 1 - - - - 1 2
  41

Most Recent M&A

Company Date Value Type
Ascensus - ESOP Business 2024-05-16 - Divestiture
Dresher, Pennsylvania
Vanguard - Simple, Multi-SEP, and Individual 401(k) retirement plans 2024-04-16 - Divestiture
Valley Forge, Pennsylvania
Newport Group, Inc. 2021-11-03 - Merger
Walnut Creek, California · www.newportgroup.com
UnifyHR, Inc. 2021-06-30 - Add-on Acquisition
Irving, Texas · www.unifyhr.com
ABV Advisors, Inc. - Health & Welfare Form 5500 Preparation and Plan Document Services Business 2021-03-18 - Divestiture
Carmel, Indiana
Truist Retirement Recordkeeping Business 2021-01-06 - Divestiture
Charlotte, North Carolina
Nyhart Consulting LLC 2019-11-25 - Add-on Acquisition
Indianapolis, Indiana · www.nyhart.com
Goldleaf Partners 2019-10-24 - Add-on Acquisition
Bloomington, Minnesota · www.goldleafpartners.com
Beneco 2019-08-09 - Add-on Acquisition
Scottsdale, Arizona · www.beneco.com
HR Simplified, Inc. 2019-06-26 - Add-on Acquisition
Minneapolis, Minnesota · www.hrsimplified.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 24 (62%) - 1 (50%) -
Insurance 8 (21%) - 1 (50%) -
Financial Services 5 (13%) - - -
Education 1 (3%) - - -
Software 1 (3%) - - -
Total 39 - 2 -

By Geo

State/Country Buy Value Sell Value
United States 39 - 2 -
  California 7 - - -
  Pennsylvania 3 - 1 -
  New Jersey 3 - - -
  Florida 2 - 1 -
  Minnesota 2 - - -
  Massachusetts 2 - - -
  Indiana 2 - - -
  Georgia 2 - - -
  Arizona 2 - - -
  Texas 2 - - -
  Ohio 2 - - -
  North Carolina 1 - - -
  Nevada 1 - - -
  Missouri 1 - - -
  Illinois 1 - - -
  Washington 1 - - -
  Virginia 1 - - -
  Vermont 1 - - -
  Tennessee 1 - - -
  South Dakota 1 - - -
  Oregon 1 - - -
Total 39 - 2 -

Top M&A Advisors

Legal Deals
Drinker Biddle & Reath LLP
1

M&A Connections

Deals
Acquired from
Investor(s)
10%
4 (10%)
Strategic(s)
10%
4 (10%)
Divested to
Strategic(s)
100%
2 (100%)

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