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New Deal


Announced

Kohlberg-backed US Retirement & Benefits Partners to acquire MidAmerica Administrative & Retirement Solutions from Alpine Investors.

Financials

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

Tags

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United States

Asset Managers and Custodians

Domestic

Single Bidder

Pending

Private Equity

Acquisition

Majority

Friendly

Private

retirement plans

Synopsis

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Kohlberg-backed US Retirement & Benefits Partners, one of the largest national independent financial services firms specializing in employee benefits, agreed to acquire MidAmerica Administrative & Retirement Solutions, a provider of retirement and health & welfare plans, from Alpine Investors, a private equity firm. Financial terms were not disclosed. "Jim’s people-driven mindset and customer-centric focus has created both a strong team culture and an ever-growing list of happy customers. We look forward to the next phase of growth for MidAmerica under the support and strategic guidance of USRBP," Matt Moore, Alpine Partner.

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