Add-on Acquisition • Business Services

Blue Ridge Associates Acquires QRPS

On April 16, 2025, Blue Ridge Associates acquired business services company QRPS

Acquisition Context

This is Blue Ridge Associates’ 1st transaction in the Business Services sector.
This is Blue Ridge Associates’ 1st transaction in the United States.
This is Blue Ridge Associates’ 1st transaction in North Carolina.

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M&A Deal Summary
Date	April 16, 2025
Target	QRPS
Sector	Business Services
Buyer(s)	Blue Ridge Associates
Deal Type	Add-on Acquisition

Target Company

QRPS

Raleigh, North Carolina, United States

QRPS is an independent third-party administrator of qualified retirement plans. QRPS provides expert service to more than 1,000 plan sponsors and more than 31,000 plan participants, with more than $2 billion assets under management. QRPS was formed in 1988 and is headquartered in Raleigh, North Carolina.

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Buyer Overview 1

Buyer

Blue Ridge Associates

Charlottesville, Virginia, United States

Category	Company
Founded	1966
Sector	Business Services

DESCRIPTION

Blue Ridge Associates is a provider of administration and compliance solutions for employer-sponsored ESOP and qualified retirement plan benefits serving 8,700 plans covering over 875,000 participants. The Company offers a full suite of tech-enabled services, including recordkeeping, administration, compliance, consulting, communication, and education for tax advantage employer sponsored ESOP plans, as well as all types of qualified retirement plans. Blue Ridge Associates was founded in 1966 and is based in Charlottesville, Virginia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: North Carolina	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1

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