M&A Deal Summary

STP Investment Services Acquires Tower Fund Services

On November 30, 2021, STP Investment Services acquired business services company Tower Fund Services

Acquisition Highlights
  • This is STP Investment Services’ 1st transaction in the Business Services sector.
  • This is STP Investment Services’ 2nd transaction in the United States.
  • This is STP Investment Services’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-11-30
Target Tower Fund Services
Sector Business Services
Buyer(s) STP Investment Services
Deal Type Add-on Acquisition

Target

Tower Fund Services

Oceanport, New Jersey, United States
Tower Fund Services is a provider of an outsourced solution for alternative investment managers and family offices, offering fund administration to private equity funds, cryptocurrency funds, hedge funds, direct lending funds, funds of funds, real estate funds and more. Tower Fund Services is based in Oceanport, New Jersey.

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Buyer(S) 1

Buyer

STP Investment Services

West Chester, Pennsylvania, United States

Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

STP Investment Services is a technology-enabled services company that provides front, middle, and back-office solutions to investment managers, funds, family offices, wealth managers, and plan sponsors providing the service, software, expertise, and confidence needed to focus on their core business objectives. STP provides a broad range of services and SaaS offerings for the financial services industry with capabilities to process all asset classes and meet ever-evolving business requirements. STP Investment Services was founded in 2008 and is based in West Chester, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Accusource

Exton, Pennsylvania, United States

Accusource LLC is an investment operations firm serving the investment management industry. The company partners with firms such as RIAs, hedge funds, family offices or asset managers to support data processing, performance and reporting needs. Accusource was formed in 2008 and is based in Exton, Pennsylvania.

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