Blue Ridge ESOP Associates Acquires Tax Benefits Plan Services Business of Crowe LLP

Levine Leichtman Capital Partners Invests in Blue Ridge ESOP Associates

March 26, 2020

Professional Services

Levine Leichtman Capital Partners (LLCP) has invested in Blue Ridge ESOP Associates in partnership with the company's existing owners and management; terms were not disclosed. Blue Ridge is a technology-enhanced provider of ESOP and 401(k) administration and recordkeeping services, serving over 700 plan sponsors and more than 175,000 plan participants from its headquarters in Charlottesville, Virginia.

Blue Ridge Associates Acquires TSC 401K

June 6, 2024

Financial Services

Blue Ridge Associates, a portfolio company of Levine Leichtman Capital Partners, has acquired Tax Sheltered Corporation/Tax Sheltered Compensation, Inc. (TSC), a provider of retirement plan administration and recordkeeping services. The acquisition expands Blue Ridge's capacity and technical capabilities in ESOP and qualified retirement plan administration, adding TSC's ~3,100 plans covering over 152,000 participants to its platform.

Blue Ridge Associates Acquires Qualified Retirement Plan Services (QRPS)

April 16, 2025

Financial Services

Blue Ridge Associates has acquired Qualified Retirement Plan Services, Inc. (QRPS), a Raleigh-based third-party administrator of qualified retirement plans. The acquisition expands Blue Ridge's administration, compliance and recordkeeping capabilities in the 401(k) & pension space while providing a succession path for QRPS leadership.

Blue Ridge Associates Acquires AmbroseAdvisors' ESOP TPA Services

February 8, 2026

Financial Services

Blue Ridge Associates has acquired the ESOP third‑party administration (TPA) services business from AmbroseAdvisors, including the ESOP administration team and clients. AmbroseAdvisors will retain its advisory business while Blue Ridge expands its ESOP administration capabilities and client base to meet growing demand for ESOP formation and related services.

Alera Group Acquires Benefit Planning Services (BPS) and IMG Benefits Group

March 5, 2018

Insurance

Alera Group has acquired two employee benefits firms: Benefit Planning Services (BPS) of Norwalk, Connecticut, and IMG Benefits Group LLC of Houston, Texas. Terms were not disclosed; BPS will join Alera through local firm CBP and IMG Benefits will join through local firm Ardent Solutions as part of Alera's continued national growth of its employee benefits practice.

Taxes Served Corp. Acquires Blue Mountain Bookkeeping LLC

June 7, 2024

Accounting & Tax

Taxes Served Corp., a Hoboken, New Jersey-based tax services firm, has acquired Virginia-based Blue Mountain Bookkeeping LLC to deepen its tax and bookkeeping capabilities. Blue Mountain will continue to operate as a separate entity in Virginia while benefiting from the additional resources and expertise of Taxes Served Corp.