M&A Deal Summary

Ascensus Acquires Pension Works

On October 30, 2018, Ascensus acquired business services company Pension Works

Acquisition Highlights
  • This is Ascensus’ 12th transaction in the Business Services sector.
  • This is Ascensus’ 26th transaction in the United States.
  • This is Ascensus’ 1st transaction in Vermont.

M&A Deal Summary
Date 2018-10-30
Target Pension Works
Sector Business Services
Buyer(s) Ascensus
Deal Type Add-on Acquisition

Target

Pension Works

Colchester, Vermont, United States
Pension Works, Inc. provides comprehensive services to qualified retirement plan sponsors. The firm, whose clients range from multinational corporations to small, family-owned businesses, custom-tailors retirement programs which work together with existing employee benefit packages. Areas of expertise include plan design and consulting; defined contribution, 403(b), and employee stock ownership plan administration; and defined benefit plan and actuarial support.

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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 26 of 39
Sector (Business Services) 12 of 24
Type (Add-on Acquisition) 25 of 34
State (Vermont) 1 of 1
Country (United States) 26 of 39
Year (2018) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 ESOP Economics

Philadelphia, Pennsylvania, United States

ESOP Economics, Inc. is a provider of consulting and software solutions related to employee stock ownership plan (ESOP) repurchase obligations. ESOP Economics, Inc. was founded in 1993 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Moran Knobel

Bellevue, Washington, United States

Moran Knobel provides retirement plan consulting and administration services for safe harbor 401(k), profit sharing, cash balance, defined benefit, 403(b), and all other ERISA-qualified plans. The firm also offers consulting and administration services for non-qualified and expatriate plans. Moran Knobel has administered plans for businesses that include medical groups, technology firms, and non-profit organizations for over 30 years.

Buy -
Mergr

Product

Company

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