Ascensus Group's employee stock ownership plan (ESOP) business
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Ascensus Group's employee stock ownership plan (ESOP) business - overview
Location
-, -, US
Primary Industry
Financial Services
About
Based in the US, Ascensus Group's employee stock ownership plan (ESOP) is an ESOP service provider. In May 2024, Principal Financial Group agreed to acquire Ascensus Group's employee stock ownership plan (ESOP) business. The company offers tax-advantaged savings plan solutions, mainly employee stock ownership plans, for its clients. ESOP is a benefit program that gives employees a stake in the company they work for by owning shares of stock.
Primary Industry
Financial Services
Sub Industries
Financial Services
Total Amount Raised
Subscriber access only
Ascensus Group's employee stock ownership plan (ESOP) business - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, LP Direct, Trade Sale | Completed | Ascensus Group's employee stock ownership plan (ESOP) business | - |
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