Tracked deals
4
4 tracked deals across 2020-2026.
Public Company
Financial Services
Empower Retirement
Greenwood Village, Colorado, United States
Empower provides retirement plan recordkeeping, administration, and wealth management solutions for employers and individual investors.
- Focus Areas
- Retirement plan recordkeeping and administration, Defined contribution / defined benefit plan services, Stable value and separate account investment products
- Website
- empower.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 divestiture
Empower Retirement Acquisition Volume by Year
Last 4 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 1, 2026
- Buyer
- Empower, Great-West Lifeco Inc.
- Target
- Milliman, Inc.'s retirement administration business
- Seller
- Milliman, Inc.
- Industry
- Healthcare Services
- Location
- Colorado, United States
- Type
- Buyout
Empower, a subsidiary of Great-West Lifeco, entered into a definitive agreement to acquire Milliman, Inc.’s retirement administration business for $340 million. The deal is expected to expand Empower’s defined benefit capabilities and add defined contribution and health & welfare administration services, with the target business including about 800 employees.
-
September 23, 2024
- Buyer
- Empower
- Target
- Plan Management Corporation (OptionTrax)
- Industry
- Wealth Management
- Location
- Pennsylvania, United States
- Type
- Buyout
Empower has acquired Plan Management Corporation (PMC), the creator of the OptionTrax equity compensation administration platform, and will integrate the platform into its digital wealth and retirement offerings. The OptionTrax platform — used by more than 300 employers and representing approximately $62 billion in equity compensation plan value — will be rebranded as "OptionTrax by Empower" and operated under the newly formed Empower Stock Plan Services, LLC.
-
- Buyer
- Empower
- Target
- Prudential Financial's full-service retirement business
- Seller
- Prudential Financial, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Divestiture
Empower has completed its $3.5 billion acquisition of Prudential Financial’s full-service retirement business, adding more than 1,800 employees and expanding Empower’s reach to over 17.1 million retirement participants with roughly $1.4 trillion in assets under administration. The deal transfers Prudential’s defined contribution, defined benefit, non‑qualified and rollover IRA business as well as stable value and separate account investment products and platforms to Empower, broadening Empower’s product set and scale across employer, government and not‑for‑profit retirement markets.
-
June 29, 2020
- Buyer
- Empower Retirement
- Target
- Personal Capital
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
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.
Related Acquisition Pages
Wealth Management Buyers & Acquisitions
2 tracked deals by Empower Retirement.
Financial Services Buyers & Acquisitions
1 tracked deal by Empower Retirement.
Healthcare Services Buyers & Acquisitions
1 tracked deal by Empower Retirement.
Acquisitions in California
1 tracked deal by Empower Retirement.
Acquisitions in Colorado
1 tracked deal by Empower Retirement.
Acquisitions in New Jersey
1 tracked deal by Empower Retirement.
Acquisitions in Pennsylvania
1 tracked deal by Empower Retirement.
Selling a company? Get in front of buyers like Empower Retirement
Turn tracked acquisition activity into an outreach-ready buyer list.