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Ascensus sells for $3 billion after failing to draw buyers for one-third less in 2018, but faith and patience pay off with 50% premium on deal

Investors Genstar, Aquiline and Atlas sold Ascensus for a deal valued at $3 billion to rollup IPO-prep experts at Stone Point, according to reports.

Author Lisa Shidler
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Teresa Hassara joined Ascensus as president of its FuturePlan unit in April.

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November 29, 2018 at 11:54 PM

How $7B Professional Capital Services is trying to out-nimble, out-RIA $188B Ascensus but with Edmond Walters there to carry a big stick

The eMoney founder joined the Philly TPA's board to oversee a PCS that hires madly, rewrites software, RIA-izes its services and develops marketing punch

February 28, 2019 at 12:41 AM


Mentioned in this article:

Ascensus
Third Party Administrator
Top Executive: Bob Guillocheau




Brian Murphy

Brian Murphy

May 2, 2021 — 11:50 PM
This is just shuffling assets from one PE investor base to another at inflated values. It says little about the prospects of the operations themselves and more about the continuing fiat currency debasement. Given the Fed has been printing money at a 15% clip for the past 3 years, the real value hasn't really increased at all. 10 years from now it will all become apparent that these "gains" are nothing but inflation expressing itself through depreciating currencies.

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