Mill Point Capital Partners with Prime Pensions Inc.
February 5, 2021
Mill Point Capital has made a control investment in Prime Pensions Inc., a Florham Park, New Jersey-based retirement plan recordkeeping, actuarial and administration services provider. Founder Scott Feit will remain CEO and retain a significant ownership stake as Mill Point provides capital and resources to support growth and strategic initiatives.
- Buyers
- Mill Point Capital
- Targets
- Prime Pensions Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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Lightyear Capital Acquires Prime Pensions from Mill Point Capital
February 26, 2024
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Lightyear Capital has made a strategic investment to acquire Prime Pensions, a Florham Park, New Jersey–headquartered third-party administrator of retirement plans, from Mill Point Capital. Prime Pensions serves over 11,000 clients, employs more than 225 people across seven locations, and Lightyear says it will partner with management to accelerate growth and expand capabilities.
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Prime Pensions Acquires Pension Benefits Unlimited
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Prime Pensions, a portfolio company of Mill Point Capital, has acquired Pension Benefits Unlimited (PBU), a California-based provider of retirement plan design, administration and consulting services. The acquisition expands Prime Pensions' retirement services platform and strengthens its presence in the Western United States by adding PBU's expertise in third-party retirement plan compliance and administration for small and medium-sized businesses.
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Prime Pensions Acquires Associated Pension Consultants
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Prime Pensions, a portfolio company of Mill Point Capital, has completed the acquisition of Associated Pension Consultants (APC), a Sacramento-based provider of retirement plan design, administration and consulting services. APC's management, led by Partner and President Marc Roberts, will remain in place as Prime Pensions expands its retirement services platform and presence in the Western United States.
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Prime Pensions Acquires Northwest Retirement Plan Consultants
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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.
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Prime Pensions Acquires Pension Planners Northwest
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Prime Pensions LLC, a portfolio company of Mill Point Capital, has acquired Pension Planners Northwest, Inc., an Oregon-based retirement plan design, administration and consulting firm. The deal expands Prime Pensions' geographic footprint in the Northwestern U.S. and strengthens its retirement plan administration capabilities for small and medium-sized business clients.
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Prime Pensions Acquires Assets of Squire Retirement Plan Services
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Prime Pensions LLC, a Mill Point Capital portfolio company, acquired the assets of Squire Retirement Plan Services, Inc., a Verona, New Jersey-based retirement plan administration and actuarial services provider. The asset purchase expands Prime Pensions' client base and geographic presence in the Northeastern United States while adding complementary retirement-plan capabilities.
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