Blue Ridge Associates (Blue Ridge), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired Tax Sheltered Corporation, Inc. (TSC). This acquisition boosts Blue Ridge’s status as the leading firm in retirement savings plan administration and recordkeeping. Established in 1966, TSC provides administration and compliance solutions for various employer-sponsored retirement plans, serving 3,100 plans and over 152,000 participants in small to middle-market businesses. Bill Yoerger, CEO of Blue Ridge, emphasized that TSC aligns perfectly with Blue Ridge’s strategic objectives. Andrew Alexander, Managing Director at LLCP, noted that the acquisition complements Blue Ridge’s organic and inorganic growth strategy.
Private Equity, Financial Services,United States
https://www.llcp.com/levine-leichtman-capital-partners-portfolio-company-blue-ridge-associates-acquires-tsc-401k