Empower Retirement - M&A Summary and Business Overview

InsuranceCompany

Empower Retirement M&A Summary

Empower Retirement has acquired 4 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Empower Retirement’s largest acquisition to date was in 2021, when it acquired Prudential Financial - Full-Service Retirement Business for $3.6B. Empower Retirement has acquired in 3 different US states. The Company’s most targeted sectors include business services (34%) and financial services (34%).

Empower Retirement Business Overview

Where is Empower Retirement headquartered?

Empower Retirement is headquartered in Greenwood Village, Colorado.

What sector is Empower Retirement in?

Empower Retirement is an insurance company.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 5

Empower Retirement LLC

8515 E. Orchard Road,
Greenwood Village, Colorado 80111
United States,
(855) 756-4738
www.empower-retirement.com

Empower Retirement LLC is a retirement services provider in the United States serving over 40,000 plans and 9.7 million participants. Empower Retirement is based in Greenwood Village, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # - 2 1 - - - 3
vol $1.0B $3.6B $4.6B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Prudential Financial - Full-Service Retirement Business 2021-07-21 3.6B USD Divestiture
Newark, New Jersey
MassMutual Retirement Plan Business 2020-09-08 - Divestiture
Springfield, Massachusetts
Personal Capital Corp. 2020-06-29 1.0B USD Add-on Acquisition
Redwood City, California · www.personalcapital.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 1 (33%) 3.6B (78%) - -
Financial Services 1 (33%) 1.0B (22%) - -
Insurance 1 (33%) - - -
Total 3 $4.6B - -

By Geo

State/Country Buy Value Sell Value
United States 3 4.6B - -
  New Jersey 1 3.6B - -
  Massachusetts 1 - - -
  California 1 1.0B - -
Total 3 $4.6B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
Rockefeller Capital Management
 1
Morgan Stanley
 1
Legal Deals
Eversheds LLP
 2
Sullivan & Cromwell
 1

Deal Values

buy # Total
> $1B 2 $4.6B
TOTAL $4.6B
Largest Prudential Financial - Full-Service Retirement Business
$3.6B (2021-07-21)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Insurance

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