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Empower successfully integrates Prudential Financial Retirement Business

PRIVATEMay 02, 2024

Acquiring Company

Empower

Acquired Company

Prudential Financial Retirement Business

Greenwood VillageUnited StatesFinancial ServicesFinancial ServicesFinanceEmployee BenefitsLending

Description

Empower has announced the completion of its integration of the retirement business it acquired from Prudential Financial with the goal of leveraging both firms' expertise and scaling Empower's technological and product capabilities. The integration has allowed Empower to gain more clients, participants, and client assets, reinforcing its position as a leading retirement services provider.

Quick answer

Empower is acquiring Prudential Financial Retirement Business, announced May 2, 2024. Empower is based in Greenwood Village, Colorado, United States.

How much did Empower pay for Prudential Financial Retirement Business?
The deal value was not disclosed.
What does Empower do?
Empowered Funds LLC is an investment firm focusing on acquiring interests in various sectors.
Where are Empower and Prudential Financial Retirement Business based?
Empower is based in Greenwood Village, Colorado, United States. Prudential Financial Retirement Business is based in United States.
Who are the decision-makers at Empower?
Fundz holds 2 contacts at Empower. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Financial Services

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Empower

Location

8515 East Orchard Road

Greenwood Village, Colorado, United States

About

Empowered Funds LLC is an investment firm focusing on acquiring interests in various sectors. It aims to enhance the value of its portfolio through strategic management. The company specializes in identifying growth opportunities and delivering returns for its investors.

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Frequently asked

Who acquired Prudential Financial Retirement Business?

Prudential Financial Retirement Business was acquired by Empower, based in Greenwood Village. The deal was reported on May 2, 2024. Empowered Funds LLC is an investment firm focusing on acquiring interests in various sectors. It aims to enhance the value of its portfolio through strategic management. Empower is privately held and operates in Financial Services.

When did Empower acquire Prudential Financial Retirement Business?

Empower's acquisition of Prudential Financial Retirement Business was reported on May 2, 2024. Empower has announced the completion of its integration of the retirement business it acquired from Prudential Financial with the goal of leveraging both firms' expertise and scaling Empower's technological and product capabilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Prudential Financial Retirement Business do?

Prudential Financial Retirement Business is a renowned retirement services provider with a large client base and significant assets under administration. It is privately held, operating in Financial Services, and is based in United States.

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