Add-on Acquisition • Software

T. Rowe Price Acquires Retiree

On March 30, 2023, T. Rowe Price acquired software company Retiree

Acquisition Context
  • This is T. Rowe Price’s 1st transaction in the Software sector.
  • This is T. Rowe Price’s 3rd transaction in the United States.
  • This is T. Rowe Price’s 1st transaction in Kansas.

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M&A Deal Summary

Date March 30, 2023
Target Retiree
Sector Software
Buyer(s) T. Rowe Price
Deal Type Add-on Acquisition

Target Company

Retiree

Leawood, Kansas, United States
Retiree is a fintech firm that offers innovative retirement income planning software. Retiree was founded in 2008 and is based in Leawood, Kansas.
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Buyer Overview 1

Buyer

T. Rowe Price

Baltimore, Maryland, United States

Category Company
Founded 1937
Sector Financial Services
Employees7,878
Revenue 7.1B USD (2024)
DESCRIPTION

T. Rowe Price is a global investment management organization with $541.7 billion in assets under management. The organization provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. T. Rowe Price was founded in 1937 and is based in Baltimore, Maryland.


Deal Context for Buyer #
Overall 3 of 3
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Kansas 1 of 1
Country: United States 3 of 3
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 RGC Resources

Roanoke, Virginia, United States

RGC Resources provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc. RGC Resources was founded in 1883 and is based in Roanoke, Virginia.

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