PCS Retirement Acquires Alliance Benefit Group–Rocky Mountain

PCS Retirement Acquires Aspire Financial Services

July 13, 2019

Financial Services

PCS Retirement, LLC acquired Aspire Financial Services to combine their retirement recordkeeping platforms. The deal creates a roughly 300-person organization serving about 16,000 plans and 750,000 eligible participants with approximately $23 billion in assets under administration, aiming to offer a full-suite, conflict-free retirement platform to advisors, TPAs and plan sponsors.

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

January 3, 2022

Financial Services

U.S. Retirement & Benefits Partners (USRBP) has acquired MidAmerica Administrative & Retirement Solutions from Alpine Investors. The acquisition combines MidAmerica’s public-sector retirement and health & welfare plan administration capabilities with USRBP’s national platform to deepen market coverage and expand service capabilities for K-12, higher education and government clients.

U.S. Retirement & Benefits Partners Acquires Pension Planning Consultants

October 18, 2024

Financial Services

U.S. Retirement & Benefits Partners (USRBP) has acquired Pension Planning Consultants (PPC), a retirement plan third-party administrator based in Albuquerque, New Mexico. The deal expands USRBP's Southwest footprint and adds PPC's retirement plan administration and consulting capabilities to USRBP's national partner network.

Lee Equity Partners Makes Majority Investment in PCS Retirement

March 4, 2024

Financial Services

Lee Equity Partners has acquired a majority interest in PCS Retirement, a Philadelphia-based retirement plan recordkeeper; as part of the transaction, prior investor LLR Partners will exit and Scott David will join PCS as CEO. The investment is intended to accelerate new business sales, expand relationships, enhance digital and service capabilities, and support PCS's M&A strategy; 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.

July Business Services Acquires Digital Retirement Solutions

March 21, 2023

Wealth Management

July Business Services, LLC (JULY) has acquired Digital Retirement Solutions (DRS), a retirement-plan recordkeeping and administration provider based in Longmont, Colorado. The acquisition brings DRS's team and leadership (including CEO Michael Pierce) into JULY as part of JULY's strategic growth to expand its technology, advisor relationships and presence in Colorado; JULY now supports over 6,700 plans and $8.5 billion in plan assets.