.
MergerLinks Header Logo

Announced

Completed

Ascensus completed the merger with Newport Group.

Financials

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

Tags

Edit

Private

United States

retirement services

Friendly

Majority

Health Care Services

Merger

Acquisition

Domestic

Single Bidder

Completed

Synopsis

Edit

Ascensus, an American financial services company, completed the merger with Newport Group, a California-based retirement services provider. Financial terms were not disclosed. "With today's announcement, Ascensus and Newport have taken an important step in our journey towards a stronger, unified company. Clients across our lines of business will benefit from our expanded capabilities—accelerated investments in technology, data analytics, and user experiences—and broadened expertise. And both Ascensus and Newport associates can look forward to new opportunities for personal growth and enhanced career development," David Musto, Ascensus President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US