Prime Pensions Acquires Pension Benefits Unlimited

Prime Pensions, a leading provider of retirement plan compliance and administration services, has announced its acquisition of Pension Benefits Unlimited (PBU). PBU, a California-based company, specializes in retirement plan design, administration, and consulting services for small and medium-sized businesses.

With this acquisition, Prime Pensions aims to expand its reach and further enhance its service offerings. PBU has built a strong reputation as a trusted advisor in the retirement plan administration industry and has become a thought leader in the Western United States. The company's expertise in plan design and implementation, annual administration, consulting, and actuarial services ensures compliance with regulatory organizations such as the United States Department of Labor and the IRS.

Dave Kobrine, President and Founder of PBU, expressed his enthusiasm for joining the Prime Pensions family. He believes that this partnership will provide new opportunities for growth while maintaining the exceptional level of service that PBU's clients have come to expect. The management team of PBU will continue in their roles and now be part of the Prime Pensions family.

Prime Pensions CEO, Scott Feit, commended PBU for its outstanding work and acknowledged the growth opportunities that lie ahead. As Prime Pensions and PBU combine forces, they are committed to executing transformative strategic initiatives and operational improvements to enhance the value provided to clients.

This acquisition solidifies PBU's position as a leader in retirement plan services in the California region. It further strengthens Prime Pensions' portfolio and expands its capabilities to serve an even broader range of clients in the Western United States.

Prime Pensions is an independent provider of retirement plan compliance and administration services, primarily catered to small and medium-sized businesses. The company is headquartered in Florham Park, New Jersey, and is not affiliated with any investment product provider. Prime Pensions focuses solely on delivering top-notch retirement plan services and does not offer investment advice.

Mill Point Capital, a private equity firm specializing in control investments in lower-middle market companies, facilitated the acquisition. The firm focuses on the Business Services, Industrials, and IT Services sectors, and is based in New York City.

This partnership between Prime Pensions and PBU signifies a new phase of growth and innovation. By leveraging their combined expertise and resources, they are well-positioned to provide exceptional retirement plan services to businesses throughout the Western United States. This acquisition further solidifies Prime Pensions' commitment to delivering the highest quality services and ensuring compliance with regulatory requirements.

For more information about Prime Pensions and its range of retirement plan compliance and administration services, please visit their official website at www.primepensionsinc.com.

To learn more about Mill Point Capital and its investment focus, visit www.millpoint.com.