Prime Pensions acquires Northwest Retirement Plan Consultants

Acquisition significantly enhances Prime Pensions’ pension portfolio

FLORHAM PARK, New Jersey, June 28, 2022–(BUSINESS WIRE)–Prime Pensions LLC (“Prime Pensions”), a portfolio company of Mill Point Capital LLC (“Mill Point”), today announced the acquisition of Northwest Retirement Plan Consultants, LLC (“NWRPC” or the “Company”), a Washington-based provider of retirement plan design, administration and consulting services.

NWRPC is a leading provider of third-party pension compliance and administration services for small and medium-sized businesses. Key services include plan design and implementation, annual administration, consulting and other actuarial services to ensure its clients are compliant with the United States Department of Labor, IRS and to other regulatory bodies. Since the company’s inception in 2014, NWRPC has been one of Washington’s leading service providers in the pension administration industry. The company is headquartered in Puyallup, WA and operates primarily in the Northwestern United States.

Martin Smith and Debbie Smith, Managing Directors of NWRPC, said: “Our partnership with Prime Pensions and Mill Point provides significant resources to drive both future growth and expansion of our customer base. This partnership demonstrates our commitment to providing exemplary service to our customers. “

Scott Feit, CEO of Prime Pensions, said: “The acquisition of NWRPC is very complementary to Prime Pensions as it diversifies our customer base and adds a significant extension to our geographic presence. We are delighted to have NWRPC and its customers join the Prime Pensions family. I look forward to seeing the Managing Directors of NWRPC continue in their roles and join the leadership team of the combined business. »

About Prime pensions

Based in Florham Park, New Jersey, Prime Pensions is an independent provider of pension compliance and administration services, primarily to small and medium-sized businesses. Prime Pensions is not affiliated with any provider of investment products and does not offer investment advice. For more information, please visit www.primepensionsinc.com.

About Mill Point Capital

Mill Point Capital LLC is a private equity firm focused on controlling investments in lower-middle-market companies, with an emphasis on the industrials, business services and IT services sectors in North America . Mill Point’s experienced team of investors and executive partners seek to enhance the value of portfolio companies through the disciplined implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220628005899/en/

contacts

Jiaeh Kim, info@millpoint.com, 212-416-5800


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