Like Accusource

closed 2/13/2020 via BusinessWire

STP Investment Services, acquired Accusource

synopsis: STP Investment Services, a provider of middle office and investment operations outsourcing, fund services, and technology solutions, has acquired Accusource, an investment operations firm serving the investment management industry. The acquisition reinforces STP’s best-in-class operations, technology solutions, dashboards, and reporting portals.
buyer: STP Investment Services
STP Investment Services is a collaborative partner and leading provider of innovative, transparent and technology-driven middle and back office solutions to investment managers, family offices, banks, funds, RIAs, plan sponsors, and other financial institutions. "
target: Accusource
Accusource is an investment operations firm that provides back-office services to a diverse Advent Axys and Advent Portfolio Exchange (APX) client base. The company delivers a range of services that family offices, financial advisors, and investment firms use to gain operating efficiencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/11/2018 via BNC Analysis

NorthStar Financial Services Group, LLC, will acquire FTJ FundChoice, LLC

synopsis: NorthStar Financial Services plans to acquire FTJ FundChoice, a turnkey asset management program with $10 billion in assets under administration. FTJ FundChoice is a turnkey asset management provider offering technology-enabled asset management and back office administrative services.
buyer parent: TA Associates
buyer: NorthStar Financial Services Group, LLC
NorthStar is a holding company for several subsidiaries. Each company offers unique services within the financial industry, including asset management, comprehensive fund services, portfolio accounting, fund distribution, and compliance. "
target parent: Seaport Capital
target: FTJ FundChoice, LLC
FTJ FundChoice is a turnkey asset management provider offering technology-enabled asset management and back office administrative services, including trade management and reconciliation, portfolio modeling, record keeping, performance reporting, fee billing, and web-based account services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2019 via PR Newswire

PCS Retirement, acquired ASPire Financial Services, LLC

synopsis: PCS Retirement, LLC,The Nation's Premier Fiduciary Retirement Platform, announced the acquisition of Aspire Financial Services, a leading service provider of smart retirement solutions that provides a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options.
buyer: PCS Retirement
PCS Retirement, LLC is The Nation's Premier Fiduciary Retirement Platform. PCS makes it possible for advisors to extend sophisticated wealth management solutions and generate better outcomes for retirement plan sponsors and participants. "
target: ASPire Financial Services, LLC
Aspire Financial Services is a leading service provider of smart retirement solutions, serving advisors, plan sponsors and TPAs. They provide a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2011 via BusinessWire

Affiliated Computer Services, Inc., purchased U.S. Operations from Symcor, Inc.

synopsis: ACS, A Xerox Company, announced it is expanding its capabilities in the financial services industry with the acquisition of Symcor’s U.S. operations. Symcor specializes in outsourcing services for financial institutions. Its offerings range from cash management services to statement and check processing.
buyer parent: Xerox Corporation
buyer: Affiliated Computer Services, Inc.
Affiliated Computer Services, Inc. (ACS) is a global leader in business process and information technology services. ACS provides business process outsourcing and information technology solutions to world-class commercial and government clients. "
seller: Symcor, Inc.
Symcor specializes in outsourcing services for financial institutions. Its offerings range from cash management services to statement and check processing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/1/2016 via PR Newswire

GTCR, LLC, acquired Revspring

synopsis: GTCR announced that it has completed the acquisition of RevSpring, Inc., a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. RevSpring helps accelerate revenue through physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools.
buyer: GTCR, LLC
GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. GTCR has invested more than $12 billion in over 200 companies. "
target parent: CIP Capital
target: Revspring
Headquartered in Wixom, MI, RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 clients in the healthcare and financial services spaces. Its solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2014 via Company Press Release

Deluxe Corporation, acquired Wausau Financial Systems

synopsis: Deluxe Corporation announced the acquisition of Wausau Financial Systems (WAUSAU), a market share leader in receivables management for commercial banks and major corporations. WAUSAU has established partnerships with an impressive roster of clients, including nine of the top 10 financial institutions and more than 50 Fortune 500 companies.
buyer: Deluxe Corporation (DLX:$2,011.32)
Deluxe Corporation is one of the two largest check printers in the US, and provides personalized products and services to small businesses, financial institutions, and consumers. Deluxe offers design services, website services, print marketing, promotional products, and fraud protection services. "
target: Wausau Financial Systems
WAUSAU Financial Systems is recognized for consistently delivering best-of-breed financial technology, services and solutions that integrate receivables, accelerate deposits and payments, and eliminate paper.
price ($mm)[EV]
$102 [$90]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/21/2020 via GlobeNewswire

Xceedance, acquired Activer Solutions

synopsis: Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, has acquired Activer Solutions. Located Massachusetts, Activer Solutions specializes in insurance operations and technology services for the front, middle, and back office operations of property and casualty insurers.
buyer: Xceedance
Xceedance is a global provider of strategic consulting and managed services, technology, data sciences, and blockchain solutions to insurance organizations. They help insurers launch products, implement new technology, deploy advanced analytic capabilities, and achieve business process optimization."
target: Activer Solutions
Activer Solutions is a strategic service partner to the property and casualty insurance industry. The company’s targeted solutions adapt and integrate into existing workflows and enable insurers to rapidly respond to new opportunities to gain a competitive advantage and grow in a changing market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2019 via BusinessWire

TPG Capital, acquired Convey Health Solutions

synopsis: TPG Capital, the private equity platform of global alternative asset firm TPG, announced it has acquired Convey Health Solutions, a leading provider of technology-enabled and advisory solutions for health plans, from New Mountain Capital.
buyer: TPG Capital
TPG is a leading global alternative asset firm with more than $103 billion of assets under management. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. "
target parent: New Mountain Capital, LLC
target: Convey Health Solutions
Convey Health Solutions is a specialized healthcare technology and services company that is committed to providing clients with healthcare-specific, compliant solutions utilizing technology, expert advisory, and analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/6/2016 via PE Hub

New Mountain Capital, LLC, acquired Convey Health Solutions

synopsis: New Mountain Capital has acquired Convey Health Solutions, a healthcare tech and business process outsourcing provider, from Comvest Partners. Convey Health Solutions provides comprehensive, technology-enabled solutions to clients that offer Medicare Prescription Drug Plans, Medicare Advantage Plans, and other related provider benefit programs.
buyer: New Mountain Capital, LLC
New Mountain Capital is a New York-based private equity firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm manages private equity, public equity and credit funds. "
target parent: Comvest Partners
target: Convey Health Solutions
Convey Health Solutions, Inc., a healthcare technology and business process outsourcing company, provides healthcare-specific compliant member support solutions to clients in the United States.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2015 via PR Newswire

DST Systems, Inc., acquired Wealth Management Systems, Inc.

synopsis: DST Systems, Inc., a global provider of strategically unified data management, business processing, and customer communication solutions, announced it has agreed to acquire Wealth Management Systems Inc., a leading provider of technology-based rollover services and financial planning and education solutions to the retirement services industry.
buyer: DST Systems, Inc. (DST:$2,023.10)
DST Systems is a leading provider of sophisticated information processing and servicing solutions to companies around the world. DST delivers strategically unified data management, business processing and customer communications solutions to the asset management, brokerage, and healthcare markets. "
target: Wealth Management Systems, Inc.
Wealth Management Systems Inc. is the leading provider of technology based rollover services within the financial services industry and provides comprehensive, web-based college and retirement planning tools, advisor solutions and personalized communications for financial services firms.
price ($mm)
$64
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2020 via BusinessWire

STP Investment Services, acquired Accusource

synopsis: STP Investment Services, a provider of middle office and investment operations outsourcing, fund services, and technology solutions, has acquired Accusource, an investment operations firm serving the investment management industry. The acquisition reinforces STP’s best-in-class operations, technology solutions, dashboards, and reporting portals.
buyer: STP Investment Services
STP Investment Services is a collaborative partner and leading provider of innovative, transparent and technology-driven middle and back office solutions to investment managers, family offices, banks, funds, RIAs, plan sponsors, and other financial institutions. "
target: Accusource
Accusource is an investment operations firm that provides back-office services to a diverse Advent Axys and Advent Portfolio Exchange (APX) client base. The company delivers a range of services that family offices, financial advisors, and investment firms use to gain operating efficiencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2020 via BusinessWire

STP Investment Services, acquired Accusource

synopsis: STP Investment Services, a provider of middle office and investment operations outsourcing, fund services, and technology solutions, has acquired Accusource, an investment operations firm serving the investment management industry. The acquisition reinforces STP’s best-in-class operations, technology solutions, dashboards, and reporting portals.
buyer: STP Investment Services
STP Investment Services is a collaborative partner and leading provider of innovative, transparent and technology-driven middle and back office solutions to investment managers, family offices, banks, funds, RIAs, plan sponsors, and other financial institutions. "
target: Accusource
Accusource is an investment operations firm that provides back-office services to a diverse Advent Axys and Advent Portfolio Exchange (APX) client base. The company delivers a range of services that family offices, financial advisors, and investment firms use to gain operating efficiencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2020 via BusinessWire

STP Investment Services, acquired Accusource

synopsis: STP Investment Services, a provider of middle office and investment operations outsourcing, fund services, and technology solutions, has acquired Accusource, an investment operations firm serving the investment management industry. The acquisition reinforces STP’s best-in-class operations, technology solutions, dashboards, and reporting portals.
buyer: STP Investment Services
STP Investment Services is a collaborative partner and leading provider of innovative, transparent and technology-driven middle and back office solutions to investment managers, family offices, banks, funds, RIAs, plan sponsors, and other financial institutions. "
target: Accusource
Accusource is an investment operations firm that provides back-office services to a diverse Advent Axys and Advent Portfolio Exchange (APX) client base. The company delivers a range of services that family offices, financial advisors, and investment firms use to gain operating efficiencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/11/2018 via BNC Analysis

NorthStar Financial Services Group, LLC, will acquire FTJ FundChoice, LLC

synopsis: NorthStar Financial Services plans to acquire FTJ FundChoice, a turnkey asset management program with $10 billion in assets under administration. FTJ FundChoice is a turnkey asset management provider offering technology-enabled asset management and back office administrative services.
buyer parent: TA Associates
buyer: NorthStar Financial Services Group, LLC
NorthStar is a holding company for several subsidiaries. Each company offers unique services within the financial industry, including asset management, comprehensive fund services, portfolio accounting, fund distribution, and compliance. "
target parent: Seaport Capital
target: FTJ FundChoice, LLC
FTJ FundChoice is a turnkey asset management provider offering technology-enabled asset management and back office administrative services, including trade management and reconciliation, portfolio modeling, record keeping, performance reporting, fee billing, and web-based account services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2019 via PR Newswire

PCS Retirement, acquired ASPire Financial Services, LLC

synopsis: PCS Retirement, LLC,The Nation's Premier Fiduciary Retirement Platform, announced the acquisition of Aspire Financial Services, a leading service provider of smart retirement solutions that provides a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options.
buyer: PCS Retirement
PCS Retirement, LLC is The Nation's Premier Fiduciary Retirement Platform. PCS makes it possible for advisors to extend sophisticated wealth management solutions and generate better outcomes for retirement plan sponsors and participants. "
target: ASPire Financial Services, LLC
Aspire Financial Services is a leading service provider of smart retirement solutions, serving advisors, plan sponsors and TPAs. They provide a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2019 via BusinessWire

TPG Capital, acquired Convey Health Solutions

synopsis: TPG Capital, the private equity platform of global alternative asset firm TPG, announced it has acquired Convey Health Solutions, a leading provider of technology-enabled and advisory solutions for health plans, from New Mountain Capital.
buyer: TPG Capital
TPG is a leading global alternative asset firm with more than $103 billion of assets under management. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. "
target parent: New Mountain Capital, LLC
target: Convey Health Solutions
Convey Health Solutions is a specialized healthcare technology and services company that is committed to providing clients with healthcare-specific, compliant solutions utilizing technology, expert advisory, and analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2015 via PR Newswire

DST Systems, Inc., acquired Wealth Management Systems, Inc.

synopsis: DST Systems, Inc., a global provider of strategically unified data management, business processing, and customer communication solutions, announced it has agreed to acquire Wealth Management Systems Inc., a leading provider of technology-based rollover services and financial planning and education solutions to the retirement services industry.
buyer: DST Systems, Inc. (DST:$2,023.10)
DST Systems is a leading provider of sophisticated information processing and servicing solutions to companies around the world. DST delivers strategically unified data management, business processing and customer communications solutions to the asset management, brokerage, and healthcare markets. "
target: Wealth Management Systems, Inc.
Wealth Management Systems Inc. is the leading provider of technology based rollover services within the financial services industry and provides comprehensive, web-based college and retirement planning tools, advisor solutions and personalized communications for financial services firms.
price ($mm)
$64
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2011 via BusinessWire

Affiliated Computer Services, Inc., purchased U.S. Operations from Symcor, Inc.

synopsis: ACS, A Xerox Company, announced it is expanding its capabilities in the financial services industry with the acquisition of Symcor’s U.S. operations. Symcor specializes in outsourcing services for financial institutions. Its offerings range from cash management services to statement and check processing.
buyer parent: Xerox Corporation
buyer: Affiliated Computer Services, Inc.
Affiliated Computer Services, Inc. (ACS) is a global leader in business process and information technology services. ACS provides business process outsourcing and information technology solutions to world-class commercial and government clients. "
seller: Symcor, Inc.
Symcor specializes in outsourcing services for financial institutions. Its offerings range from cash management services to statement and check processing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Accusource


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Accusource

FTJ FundChoice, LLC

ASPire Financial Services, LLC

Symcor, Inc.

Revspring

Wausau Financial Systems

Activer Solutions

Convey Health Solutions

Convey Health Solutions

Wealth Management Systems, Inc.

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Accusource

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Accusource

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Accusource

FTJ FundChoice, LLC

ASPire Financial Services, LLC

Convey Health Solutions

Wealth Management Systems, Inc.

Symcor, Inc.

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Patriot National Insurance Group
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