M&A Deal Summary |
|
|---|---|
| Date | 2024-04-16 |
| Target | Vanguard - Simple Multi-SEP and Individual 401 retirement plans |
| Sector | Business Services |
| Buyer(s) | Ascensus |
| Sellers(s) | Vanguard |
| Deal Type | Divestiture |
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| 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 STATS | # |
|---|---|
| Overall | 39 of 39 |
| Sector (Business Services) | 24 of 24 |
| Type (Divestiture) | 4 of 4 |
| State (Pennsylvania) | 3 of 3 |
| Country (United States) | 39 of 39 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-03 |
Newport
Walnut Creek, California, United States Newport is an independent provider of retirement services in the U.S., with over one million employee participants and more than $160 billion in assets under administration. Newport's services include retirement plan recordkeeping and administration, insurance distribution, and consulting services related to retirement plans. Newport was founded in 1984 and is based in Walnut Creek, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-16 |
Ascensus - ESOP Business
Dresher, Pennsylvania, United States Ascensus' ESOP Business will add approximately 800 plans and more than 165,000 participants to its workplace savings and retirement solutions business. Ascensus' ESOP Business is based in Dresher, Pennsylvania. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1975 |
| Sector | Business Services |
Vanguard is an investment management company that managed $7.9 trillion in global assets. The firm offers 417 funds to its more than 30 million investors worldwide. Vanguard was formed in 1975 and headquartered in Valley Forge, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Business Services) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Pennsylvania) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-05 |
Vanguard - Outsourced Chief Investment Officer Business
Valley Forge, Pennsylvania, United States Vanguard's Outsourced Chief Investment Officer Business provides investment management services for not-for-profit organizations and other institutional investors in the United States. Vanguard's Outsourced Chief Investment Officer Business is based in Valley Forge, Pennsylvania. |
Sell | - |
