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M&A Deal Summary

American Trust Acquires LT Trust

On June 24, 2021, American Trust acquired financial services company LT Trust

Acquisition Highlights
  • This is American Trust’s 1st transaction in the Financial Services sector.
  • This is American Trust’s 2nd transaction in the United States.
  • This is American Trust’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-06-24
Target LT Trust
Sector Financial Services
Buyer(s) American Trust
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Sherman & Howard (Legal)

Target

LT Trust

Centennial, Colorado, United States
LT Trust is a technologically focused and fastest-growing small business retirement plan provider with clients in all 50 states. With a 50+ year legacy in financial services, the company proudly serves 4,200+ retirement plan sponsors with over $3.4B in assets under administration and growing every day. It offers one of the best low-cost, open-architecture 401(k) platforms on the market. LT Trust was formed in 1957 and is based in Centennial, Colorado.

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Buyer(S) 1

Buyer

American Trust

Dubuque, Iowa, United States
Category Company
Founded 1911
Sector Financial Services
DESCRIPTION

American Trust is a full-service provider of retirement services to small-to-mid-sized plan sponsors. American Trust Retirement was formed in 1911 and is based in Dubuque, Iowa.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Stanley Benefit Services

Greensboro, North Carolina, United States

Stanley Benefit Services is an employee-owned independent employee benefit consulting firm specializing in Retirement Plan, Flex, HSA, HRA and COBRA administration. Stanley Benefit Services was founded in 2002 and is based in Greensboro, North Carolina.

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