Explore All 796 Divestiture Insurance Deals - Search the Database Free
M&A Deal Summary |
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|---|---|
| Date | May 16, 2024 |
| Target | Ascensus - ESOP Business |
| Sector | Insurance |
| Buyer(s) | Principal Financial Group |
| Sellers(s) | Ascensus |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1879 |
| Sector | Insurance |
| Employees | 17,400 |
| Revenue | 350.0B USD (2024) |
Principal Financial Group is a global investment management company offering retirement services, insurance solutions and asset management to a variety of corporate and invidudal clients. Principal Financial Group was founded in 1879 and is based in Des Moines, Iowa.
| Deal Context for Buyer | # |
|---|---|
| Overall | 8 of 8 |
| Sector: Insurance | 5 of 5 |
| Type: Divestiture | 6 of 6 |
| State: Pennsylvania | 1 of 1 |
| Country: United States | 4 of 4 |
| Year: 2024 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-09 |
Wells Fargo & Co. - Institutional Retirement & Trust Business
San Francisco, California, United States Wells Fargo & Co. - Institutional Retirement & Trust Business offers comprehensive services for 401(k) and other retirement plans that include a wide range of investment options, participant communication, and fiduciary support. |
Buy | $1.2B |
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Business Services |
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.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Insurance | 1 of 1 |
| Type: Divestiture | 2 of 2 |
| State: Pennsylvania | 1 of 1 |
| Country: United States | 2 of 2 |
| Year: 2024 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-16 |
Vanguard - Simple Multi-SEP and Individual 401 retirement plans
Valley Forge, Pennsylvania, United States Vanguard's Simple, Multi-SEP, and Individual 401(k) retirement plans offer participants a simplified retirement savings solution. Vanguard's Simple, Multi-SEP, and Individual 401(k) retirement plans is based in Valley Forge, Pennsylvania. |
Buy | - |
