Recent events
Recent events tied to this brand in public sources.
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2021
Stone Point Capital-managed funds and GIC agree to acquire Ascensus
Funds managed by Stone Point Capital and GIC entered into an agreement to purchase Ascensus from its current private equity ownership group led by Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital; Genstar Capital and Aquiline Capital Partners will retain minority stakes after the sale.
2021
Stone Point Capital and GIC agree to acquire Ascensus
Ascensus announced that funds managed by Stone Point Capital and GIC had entered into a definitive agreement to acquire it from its current private-equity ownership group. Genstar Capital and Aquiline Capital Partners will retain minority stakes. The transaction is expected to close in the third quarter of 2021, subject to regulatory approvals and customary closing conditions.
2021
Ascensus completes acquisition of Strem Chemicals
Ascensus announced that it had completed its acquisition of Strem Chemicals, a supplier and manufacturer of specialty chemicals and provider of custom synthesis and cGMP manufacturing services.
2021
Ascensus acquires ABV Advisors business book
Ascensus announced that it had acquired the book of business of ABV Advisors, a health and welfare Form 5500 preparation and plan-document services business. Financial terms were not disclosed.
2021
Ascensus completes acquisition of Truist retirement recordkeeping business
Ascensus completed its acquisition of the heritage BB&T bundled retirement recordkeeping business from Truist Bank; the deal closed on March 3, 2021, and the plans were transitioned to Ascensus’ platform.
2021
Ascensus launches READYSAVE 529 mobile app
Ascensus launched READYSAVE 529, an education savings mobile application initially available to account holders in three programs it administers.
2020
FuturePlan president leaves Ascensus
Jerry Bramlett, head of Ascensus’s third-party administrator FuturePlan, left the company on August 31, 2020. The circumstances prompting his departure were unclear.
2020
Ascensus launches READYSAVE retirement app
Ascensus launched READYSAVE, a retirement mobile application developed on its proprietary technology platform and available to participating employees using its retirement recordkeeping platform.