Vistria and Kohlberg Daybright Financial completed the acquisition of The Platinum 401k.

Vistria and Kohlberg-backed Daybright Financial, a firm specializing in employee benefits and retirement plans, completed the acquisition of The Platinum 401k, a third-party retirement plan administration firm. Financial terms were not disclosed. “This acquisition reflects our commitment to delivering smarter, more accessible retirement solutions, The Platinum 401k team brings a powerful combination of innovation, integrity, and operational excellence. Together, we’ll accelerate our ability to serve clients with flexible, compliant, and cost-effective retirement plans,” Megan Schneider, Daybright Financial CEO.