Lee Equity Partners Makes Majority Investment in PCS Retirement
March 4, 2024
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.
- Buyers
- Lee Equity Partners
- Targets
- PCS Retirement
- Sellers
- LLR Partners
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Recapitalization
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