Announced
Completed
Financials
Tags
recordkeeping retirement
Asset Managers and Custodians
Acquisition
Disposal
Private
Single Bidder
United States
Domestic
Majority
Friendly
Completed
Synopsis
Ascensus, an American financial services company, and Empower Retirement, a retirement services provider, completed the acquisition of the Recordkeeping Retirement Business of Truist, an American bank holding company. Financial terms were not disclosed. "Thanks to the Truist and Ascensus teams' highly collaborative efforts, we were able to successfully migrate all of the heritage BB&T plans to Ascensus over the course of this past weekend," Kevin Cox, Ascensus' Retirement line of business President.
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