.
MergerLinks Header Logo

New Deal


Announced

Completed

Parthenon Capital-backed American Trust completed the acquisition of LT Trust.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Private Equity

Domestic

Majority

Friendly

Diversified Financials

Acquisition

Private

United States

retirement planning

Completed

Synopsis

Edit

Parthenon Capital-backed American Trust, a provider of retirement solutions, completed the acquisition of LT Trust, a national retirement plan provider and recordkeeper. Financial terms were not disclosed. “American Trust is recognized for the commitment it’s made to the retirement space, consistently innovating and growing to better serve its clients throughout the retirement ecosystem. We are excited to join the team and provide additional technology, services and resources to our collective clients," Bob Beriault, LT Trust Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US