Exited in: 2020
Friday, August 5, 2016
Northwest Plan Services, Inc. (“NWPS”) today announced the acquisition of Seattle-based Trautmann, Maher & Associates (“TMA”). The combination with TMA further positions NWPS as a leading national independent recordkeeper and administrator of retirement plans, serving clients of all sizes across the country.
Founded in 1991, TMA is an independent provider of retirement plan recordkeeping, administration actuarial, communication and participant services for over 175 clients & plans. Like NWPS, TMA is not in the investment business and provides clients and advisor partners with 100% open investment architecture. The combination with TMA adds two experienced leaders in the recordkeeping industry, Rolf Trautmann and Denis Maher to the NWPS executive management team.
NWPS provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans and other plan types. NWPS has built a premium reputation in the retirement plan recordkeeping and administration marketplace, now servicing approximately 900 plans nationwide with 300,000 participants and over $20.0 billion of assets under administration with the combination with TMA.
“We have a tremendous respect for TMA, its principals and employees,” said Tim Wulfekuhle, President and Chief Executive Officer of NWPS. “As the 401(k) landscape continues to shift toward unbundled solutions, it makes strategic sense to combine the resources of our firms and leverage our strengths to support continued strong growth. TMA brings the same flexibility, obsession with quality and high-touch client service that are the hallmarks of NWPS. We are confident the strong alignment of our strategies will facilitate a smooth transition for employees, advisors and clients. In keeping with our history, we will not be making any changes to TMA staff and will be retaining TMA’s office space.”
“Our capabilities complement each other extremely well,” added Rolf Trautmann, a co-founder of TMA. “We are excited to join the NWPS team and see significant growth opportunities ahead driven by the confluence of a strong market position, an industry leading service delivery model and the addition of people and technology resources with these two great Seattle-based firms coming together.”
NWPS recently announced that WestView Capital Partners had completed a recapitalization and growth equity investment. WestView’s continued financial involvement will help NWPS expand its market position through organic initiatives and acquisitions.
About Northwest Plan Services:
NWPS is a leading independent, third party recordkeeper and administrator of retirement plans. Founded in 1994 and headquartered in Seattle, Washington, the Company provides a comprehensive suite of services for retirement plans with an unbundled, open architecture platform that enables employers to offer their employees access to thousands of investment options. In addition to recordkeeping, administration, compliance and participant services, the Company provides consulting, employee communication and actuarial services to a client base ranging from small and medium sized companies with 50 to 500 employees to large, Fortune 500 clients with tens of thousands of employees. NWPS services 401(k), 403(b), 457, ESOP and other types of defined contribution plans as well defined benefit pension plans including cash balance plans. For more information, please visit www.nwp401k.com.
About Trautmann, Maher & Associates:
Established in 1991 and headquartered in Mill Creek, Washington, TMA is a provider of open architecture retirement plan solutions, offering recordkeeping, administration and actuarial services to over 175 retirement clients. For more information, please visit www.trautmannmaher.com.
About WestView Capital Partners:
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1 billion in capital across three funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as business services, software and IT services, consumer, healthcare technology and outsourcing and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $50 million. For more information, please visit www.wvcapital.com.