M&A Deal Summary

Ascensus Acquires ABV Advisors - Health & Welfare Form 5500 Preparation and Plan Document Services Business

On March 18, 2021, Ascensus acquired business services company ABV Advisors - Health & Welfare Form 5500 Preparation and Plan Document Services Business from ABV Advisors

Acquisition Highlights
  • This is Ascensus’ 22nd transaction in the Business Services sector.
  • This is Ascensus’ 36th transaction in the United States.
  • This is Ascensus’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2021-03-18
Target ABV Advisors - Health & Welfare Form 5500 Preparation and Plan Document Services Business
Sector Business Services
Buyer(s) Ascensus
Sellers(s) ABV Advisors
Deal Type Divestiture

Target

ABV Advisors - Health & Welfare Form 5500 Preparation and Plan Document Services Business

Carmel, Indiana, United States
ABV Advisors' Health & Welfare Form 5500 Preparation and Plan Document Services Business is a provider of benefits compliance advisory services related to health and welfare.

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Buyer(S) 1

Buyer

Ascensus

Dresher, Pennsylvania, United States
Category Company
Founded 1980
Sector Business Services
DESCRIPTION

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 STATS #
Overall 36 of 39
Sector (Business Services) 22 of 24
Type (Divestiture) 3 of 4
State (Indiana) 2 of 2
Country (United States) 36 of 39
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Truist Retirement Recordkeeping Business

Charlotte, North Carolina, United States

Truist Retirement Recordkeeping Business includes more than 1,200 retirement plans, consisting of approximately 125,000 plan participants and $5 billion in assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 UnifyHR

Irving, Texas, United States

UnifyHR is a third-party administrator that provides employee benefits administration and compliance solutions including Affordable Care Act (ACA) compliance, Consolidated Omnibus Budget Reconciliation Act (COBRA) administration, and eligibility verification services. UnifyHR was founded in 2013 and is based in Irving, Texas.

Buy -

Seller(S) 1

SELLER

ABV Advisors

Carmel, Indiana, United States
Category Company
Founded 1999
Sector Business Services
DESCRIPTION

ABV Advisors is a benefits compliance advisory firm that specializes in health & welfare, form 5500, plan documentation, and retirement plan compliance. With offices in Indianapolis, Indiana, we serve employers, advisors of employee benefit plans (health & welfare & 401(k) plans), financial advisors, and large employers associations throughout the U.S. ABV Advisors was formed in 1999 and is based in Carmel, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

Legal