Ascensus Completes Acquisition of AmericanTCS to Enhance Retirement Services and Technology Solutions

Ascensus has finalized its acquisition of AmericanTCS, a prominent provider of retirement, trust & custody, and technology automation solutions, to broaden its capabilities across these areas. This move aligns with Ascensus' strategy of investing in scale, technology, and service capabilities, aiming to bolster its position as a central platform supporting advisors, TPAs, recordkeepers, and asset and wealth managers.

The transaction brings together two highly complementary organizations, with the shared goal of helping more Americans achieve financial security. The integration aims to enhance Ascensus' capabilities in several areas, with a focus on continuity of service, disciplined execution, and commitment to a seamless transition. Financial advisors and legal counsels involved in the acquisition include Lazard Frères & Co. LLC, J.P. Morgan Securities LLC, DLA Piper LLP (US), Simpson Thacher & Bartlett LLP, Ropes & Gray LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Raymond James.

Ascensus is a key player in America's savings ecosystem, offering comprehensive qualified and nonqualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, corporate- and bank-owned life insurance solutions, as well as fiduciary and total rewards services. AmericanTCS, with over 50 years of experience, brings a comprehensive suite of custody and trust services, retirement solutions, wealth management, and technology software automation to the table. The acquisition reflects a strategic move to expand resources, capabilities, and technology solutions, ultimately aiming to better serve savers nationwide.