Rainier Partners Acquires Welfare & Pension Administration Service (WPAS)

Periscope Equity Invests in Welfare & Pension Administration Service (WPAS)

January 14, 2021

Healthcare Services

Periscope Equity has made a platform investment in Welfare & Pension Administration Service, Inc. (WPAS), a Seattle-based third-party administrator serving Taft-Hartley and public trust funds. Periscope invested alongside WPAS management (including outgoing CEO Dennis Kirkpatrick and newly appointed CEO Adam Keck); the firm plans to help WPAS expand service offerings, develop technology, and pursue strategic acquisitions.

Raymond James Acquires NWPS (Northwest Plan Services)

December 10, 2020

Financial Services

Raymond James Financial, Inc. has acquired NWPS Holdings, Inc., doing business as NWPS or Northwest Plan Services, a Seattle-based provider of retirement plan recordkeeping, administration, consulting and actuarial services. The transaction, which retains NWPS's management team and employees, expands Raymond James' retirement services capabilities for its advisors and clients and follows WestView Capital Partners' exit of its investment.

Aspen Standard Wealth Acquires New England Private Wealth Advisors (NEPWA)

April 8, 2025

Financial Services

Aspen Standard Wealth has acquired New England Private Wealth Advisors (NEPWA), a Wellesley/Boston-based fee-only RIA with $2.9 billion in assets under management as of 12/31/2024. The deal brings NEPWA onto Aspen’s perpetual RIA platform to support growth while preserving NEPWA’s brand and client-focused advisory model.

Grow Capital, Inc. Acquires Public Employee Retirement Assistance (PERA)

August 11, 2020

Financial Services

Grow Capital, Inc. (OTCPK: GRWCD) has executed a stock exchange agreement to acquire 100% of Public Employee Retirement Assistance, LLC (PERA), a Nevada-headquartered third-party marketing organization that schedules retirement planning appointments between state-licensed representatives and public employees. The acquisition adds PERA's appointment-generation technology and network of over 5,000 advisors to Grow Capital's fintech group and includes an equity consideration structure tied to a $10.0M exchange-share calculation plus potential earn-outs.

Prime Pensions Acquires Northwest Retirement Plan Consultants

June 28, 2022

Financial Services

Prime Pensions LLC, a portfolio company of Mill Point Capital, has acquired Northwest Retirement Plan Consultants, LLC (NWRPC), a Washington-based provider of retirement plan design, administration and consulting services. The acquisition expands Prime Pensions' geographic footprint in the Northwestern United States and strengthens its retirement plan administration capabilities; NWRPC's managing principals will remain with the combined business.

Mid Atlantic Capital Group Acquires PensionPro

April 7, 2021

Cloud & SaaS

Mid Atlantic Capital Group has acquired Harrisburg-based PensionPro, a provider of workflow automation SaaS for third-party administrators (TPAs). The deal expands Mid Atlantic's trust and retirement services division and aims to integrate PensionPro's automation and plan sponsor portal capabilities across Mid Atlantic's retirement ecosystem.