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

Wealth Enhancement Group Acquires Retirement Advisory Group

November 8, 2023

Financial Services

Wealth Enhancement Group, a national independent wealth management firm, announced the acquisition of Retirement Advisory Group, a hybrid RIA based in Eden Prairie, Minnesota, bringing roughly $150 million in client assets and a five-person team into Wealth Enhancement's platform. The deal expands Wealth Enhancement Group's Twin Cities presence and increases its assets under management.

Empower Retirement Acquires Personal Capital

June 29, 2020

Wealth Management

Empower Retirement has acquired digital wealth manager Personal Capital for up to $1 billion in enterprise value (approximately $825 million at closing plus up to $175 million for growth). The acquisition combines Empower's retirement plan services with Personal Capital's digital-first financial planning and wealth management platform to deliver integrated digital and human advice to retirement plan participants and individual investors.

Rainier Partners Acquires Welfare & Pension Administration Service (WPAS)

December 19, 2024

Professional Services

Rainier Partners has completed a platform investment in Welfare & Pension Administration Service (WPAS), a Mercer Island, Washington–based third-party administrator (TPA) specializing in Taft-Hartley multi-employer benefit plan administration. The transaction represents a sale by Periscope Equity and will provide WPAS with capital and operational support to scale its services and serve more multi-employer trusts nationwide.

Segal Acquires Public Sector Retirement Systems Consultancy LRWL Inc.

January 15, 2020

Government & Public Sector

Segal has acquired LRWL Inc., a specialist in public pension system implementation and benefits administration. The LRWL team has joined Segal's Administration, Technology and Consulting (ATC) practice, and LRWL president Leon Wechsler joined Segal as a Vice President and Senior Consultant to expand Segal's public sector retirement system capabilities.

TPG Acquires G&A Partners from The Riverside Company

March 5, 2024

Staffing & HR

TPG (via TPG Capital) has acquired a stake in G&A Partners, a Houston-based professional employer organization (PEO), in a transaction that resulted in The Riverside Company exiting its investment. G&A Partners, which supports more than 3,000 small- and medium-sized businesses with HR, payroll and benefits services, will partner with TPG and management/employees to pursue further growth; terms were not disclosed.

Great Gray Group Acquires Retirement Plan Advisory Group (RPAG)

February 27, 2025

Wealth Management

Great Gray Group has acquired Retirement Plan Advisory Group (RPAG) to accelerate technology innovation and expand services within the U.S. retirement ecosystem. The acquisition will integrate RPAG's retirement plan practice management platform with Great Gray's onboarding and trustee capabilities, and support investments in technology, distribution and operations to better serve advisors, institutions and plan participants.