M&A Deal Summary

U.S. Retirement & Benefits Partners Acquires MidAmerica Administrative & Retirement Solutions

On January 3, 2022, U.S. Retirement & Benefits Partners acquired financial services company MidAmerica Administrative & Retirement Solutions from Alpine Investors

Acquisition Highlights
  • This is U.S. Retirement & Benefits Partners’ 1st transaction in the Financial Services sector.
  • This is U.S. Retirement & Benefits Partners’ 4th transaction in the United States.
  • This is U.S. Retirement & Benefits Partners’ 2nd transaction in Florida.

M&A Deal Summary
Date 2022-01-03
Target MidAmerica Administrative & Retirement Solutions
Sector Financial Services
Buyer(s) U.S. Retirement & Benefits Partners
Sellers(s) Alpine Investors
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

MidAmerica Administrative & Retirement Solutions

Lakeland, Florida, United States
MidAmerica Administrative & Retirement Solutions provides innovative tax-advantaged group retirement and health care reimbursement programs to over 2,500 school district and other governmental employers. The Company provides full-service administrative services for close to a million employees with well over $1 billion in assets under direct management. MidAmerica was formed in 1995 and is based in Lakeland, Florida.

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Buyer(S) 1

Buyer

U.S. Retirement & Benefits Partners

Iselin, New Jersey, United States
Category Company
Founded 2008
Sector Consumer Services
DESCRIPTION

U.S. Retirement & Benefits Partners is an independent K-12 public school and governmental employee benefits and retirement planning services firm. The company serves educational, governmental, corporate, union, and non-profit employers with the care and attention that their employees deserve, helping them make retirement planning decisions that align with their goals and objectives and benefit choices suited for their personal needs by providing customers with resources and tools. U.S. Retirement & Benefits Partners was founded in 2008 and is based in Iselin, New Jersey.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Florida) 2 of 2
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Kades-Margolis

Wayne, Pennsylvania, United States

Kades-Margolis Corp. is a provider of retirement planning and benefits services to members of the Pennsylvania State Education Association (PSEA).

Buy -

Seller(S) 1

SELLER

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.

DEAL STATS #
Overall 21 of 24
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 12 of 13
State (Florida) 2 of 2
Country (United States) 21 of 24
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Antelope

San Francisco, California, United States

Antelope is an omni-channel pet consumer platform focused on delivering high-quality, natural pet products via a buy-and-build strategy. Antelope is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Trilon Group

Denver, Colorado, United States

Trilon Group is a provider of infrastructure consulting businesses by investing in talent, technology and targeted M&A. Trilon Group is based in Denver, Colorado.

Buy -
Mergr

Product

Company

Legal