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Deals & People July 1, 2008
National Investment Managers Snaps Up Alaskan TPA
National Investment Managers Inc. closed on the acquisition of Alaska Pension Services, Ltd. (APS).
Reported by Rebecca Moore
APS is a third-party administration (TPA) firm providing retirement planning services to small businesses, non-profit entities, Alaska Native Corporations, and their associates, according to a press release. Steven Ross, CEO of National Investment Managers, said in the release that the acquisition provides the firm with the dominant market share in the state of Alaska and expands its presence in the Northwest.
Ross added: “[APS’] principals, Karen Jordan and Duane Mayer, are nationally recognized experts in the retirement industry, and will enhance our industry leading capabilities in retirement plan design and consulting.”
National Investment Managers Inc. is a holding company and a consolidator of pension plan administration, investment management, and insurance businesses. The member firms of National Investment Managers provide pension administration services, retirement planning, defined benefit services, asset preservation, general insurance, and asset management services.