Ascensus Acquisition, Valuation, Funding & Investors

Ascensus was acquired by Stone Point Capital for $4.2B in April 2021, a 8.7x multiple on $490M of revenue.

Ascensus acquisition price

$4.2B

Acquired by Stone Point Capital · Apr 2021

Ascensus revenue at acquisition

$490M

Last twelve months · Apr 2021

Ascensus revenue multiple at acquisition

8.7x

EV/Revenue · Apr 2021

Ascensus EBITDA multiple at acquisition

29.3x

EV/EBITDA · Apr 2021

Ascensus Overview

About Ascensus

Ascensus is a Dresher, Pennsylvania-headquartered administrator of retirement plans, serving 27,000 defined contribution plans from micro to large markets and 1.5 million IRAs. As part of Crump Group, the largest U.S. wholesale insurance distributor, it processes billions in assets under management. The firm supports 401(k), 403(b), and health savings accounts for employers nationwide, with operations in 45 states.


Founded

1980

HQ

United StatesPhiladelphia, PA

Status

Acquired

Customer focus

B2B

Revenue model

Services

Revenue

$490M (Apr 2021)

Valuation

$4.2B (acquired Apr 2021)

Ascensus Acquisition

Ascensus was acquired by Stone Point Capital for $4.2B on 26 April 2021.

The acquisition price implies a 8.7x revenue and 29.3x EBITDA multiple on $490M of revenue.

Ascensus acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Stone Point Capital
26 Apr 2021PE buyout$4.2B8.7x29.3x

Ascensus Funding History

Ascensus has raised 1 funding round.

Ascensus funding rounds
DateStageInvestorsDeal Summary
Aug 2026Undisclosed stageGenstar Capital (lead); Stone Point Capital (lead)Stone Point Capital and Genstar Capital are each investing new capital to hold equal stakes in Ascensus in a new co-led ownership structure announced in August 2026. Stone Point is continuing as an owner after its 2021 investment, while Genstar returns as an owner after previously serving as a lead investor from 2015 to 2021; GIC remains invested alongside them, and the transaction is expected to close in the coming months subject to customary regulatory approvals and closing conditions. The investment is intended to support Ascensus’ long-term growth, including technology and AI, client service, and broader capabilities. Ascensus said it will continue operating with its current leadership team, client relationships, and service model. The company is described as a provider at the center of America’s savings ecosystem, overseeing more than $1.3 trillion in assets under administration and serving retirement and savings administration needs. Ascensus has also been active in adjacent acquisitions in 2026, including the purchase of AmericanTCS, which expanded its client solutions and marketplace capabilities. The transaction reflects renewed private equity support for the business and continuity in its ownership base, with Stone Point and Genstar taking joint governance of the company once the deal closes.

Who has invested in Ascensus?

2 investors have backed Ascensus across its funding rounds, including Genstar Capital and Stone Point Capital.

Lead investors include Genstar Capital and Stone Point Capital.


Ascensus Investors

Investors in Ascensus by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Ascensus

Ascensus has acquired 24 companies to date.

Last acquisition by Ascensus was on May 10th 2026. Ascensus acquired AmericanTCS for undisclosed valuation.


Latest Acquisitions by Ascensus

AmericanTCS
Newport Group
UnifyHR
Truist (heritage BB&T recordkeeping retirement unit)
Description
AmericanTCS is a financial services provider offering retirement, custody, and wealth management solutions.
Newport Group is a Walnut Creek, California firm delivering retirement plan administration, insurance products, and advisory services to employers and financial advisors. It administers 401(k), defined benefit, and nonqualified deferred compensation plans for businesses nationwide. Acquired by Loring Ward in 2019, Newport supports plan design, compliance, and participant education.
UnifyHR is a provider of human resources services including consulting, payroll processing, employment verification, and administrative support. The company handles mailroom operations and compliance tasks for businesses seeking outsourced HR solutions. Based in India, UnifyHR delivers end-to-end workforce management to streamline operations for small and medium enterprises.
Truist is a provider of recordkeeping and administration for retirement plans inherited from BB&T's operations. The Charlotte-based unit supports 401(k), 403(b), and pension plans for over 1 million participants, managing $100 billion in assets through integrated platforms for compliance, reporting, and participant education services nationwide.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
-
San Francisco, CA
Dallas, TX
Charlotte, NC
Deal Date10 May 20264 Nov 202130 Jun 20216 Jan 2021
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Ascensus

Ascensus has invested in 1 company to date.

Latest investment by Ascensus was on June 14th 2026. Ascensus invested in Outcome Tracker in their Strategic investment round.


Latest Investments by Ascensus

Outcome Tracker
Description
Outcome Tracker is a web-based software solution. The company allows multiple nonprofit locations to share data.
HQ CountryUnited States
HQ City
Harrisonburg, VA
Deal Date14 Jun 2026
RoundStrategic investment
Raisedundisclosed
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Ascensus Competitors

Ascensus competitors include listed companies like Bicecorp, RBR Desenvolvimento, JTC and Central Depository Services, and private ones like Airtel Mobile Commerce BV and Euroclear.

Public and private companies comparable to Ascensus
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BicecorpChileChilePublicly listed$4.3B$381M$4B6.9x
RBR DesenvolvimentoBrazilBrazilPublicly listed$307K-$4.7B-
JTCUnited KingdomUnited KingdomPublicly listed$519M$101M$3.1B7.2x
Central Depository ServicesIndiaIndiaPublicly listed$119M$65M$2.9B22.5x
Airtel Mobile Commerce BVNetherlandsAmsterdamPrivate$417M$208M$2.5B6.0x
EuroclearBelgiumBrusselsPrivate--$8.3B-

Ascensus Public Comps

Ascensus is no longer listed, but its public comps include Bicecorp, RBR Desenvolvimento, JTC, Central Depository Services, Republic Bank, Grupo Aval, Al Ansari Financial Services, Choice International, KFin Technologies and Sagicor.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bicecorp$4.3B$381M0.9x6.9x10.5x-
RBR Desenvolvimento$307K-15340.5x---
JTC$519M$101M7.0x7.2x36.1x22.1x
Central Depository Services$119M$65M23.9x22.5x43.7x-
Republic Bank$1.1B-2.4x---
Grupo Aval$5.5B-1.1x1.1x--
Al Ansari Financial Services$352M$154M3.5x-8.0x-
Choice International$117M$43M15.3x-41.9x-

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Common questions about Ascensus

When was Ascensus founded?Ascensus was founded in 1980.
Where is Ascensus headquartered?Ascensus is headquartered in Philadelphia, PA, United States.
Is Ascensus publicly listed?No, Ascensus was acquired by Stone Point Capital in April 2021.
Who acquired Ascensus?Ascensus was acquired by Stone Point Capital in April 2021.
How much was Ascensus acquired for?Ascensus was acquired for $4.2B in April 2021, a 8.7x revenue multiple.
What was Ascensus' last funding round?Ascensus' last funding round was a undisclosed-stage round in August 2026, led by Genstar Capital and Stone Point Capital.
Who are Ascensus' investors?Ascensus' investors include Stone Point Capital and Genstar Capital.
Which companies are comparable to Ascensus?Companies comparable to Ascensus include Bicecorp, RBR Desenvolvimento, JTC, Central Depository Services, Airtel Mobile Commerce BV and Euroclear.
How many companies has Ascensus acquired?Ascensus has acquired 24 companies, including AmericanTCS, Newport Group, UnifyHR, Truist (heritage BB&T recordkeeping retirement unit) and Nyhart.
How many companies has Ascensus invested in?Ascensus has invested in 1 company, including Outcome Tracker.
What was Ascensus' last investment?In June 2026, Ascensus invested in Outcome Tracker's strategic investment round.

See companies similar to Ascensus

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