NewswireToday - /newswire/ -
Appleton, WI, United States, 2016/10/04 - The Retirement Advantage offers Third Party Administrator owners the opportunity to seamlessly transition the business quickly for cash - TRA401k.com.
As an industry-leading provider of third party administration (TPA) services nationwide, The Retirement Advantage, Inc. (TRA) is actively searching for TPA business owners interested in succession planning opportunities.
Matt Schoneman, president of TRA, is seeking to acquire TPA firms that:
• May have recently lost their momentum;
• Are underperforming in some way;
• Are in need of a CEO, such as corporate divestitures or family-held businesses with no successors.
“We are an experienced cash buyer with a successful history when it comes to procuring and integrating firms into TRA. Our acquisitions include 14 deals over the past 15 years,” asserts Schoneman. “Generally, we seek companies that fit within our core strategy, strengthen existing competencies, generate quality revenues, extend market position and build economies of scale.”
Schoneman understands acquiring businesses is first and foremost a “people business.” He explains,“TRA works to create business opportunities that deliver real value to real people. We realize this is a life-changing event for business owners, their families and employees. What’s more, we understand the psychology of the deal, the emotions and implications that come with it.”
TRA offers TPA owners the chance to explore transiting ownership quickly for cash while also seamlessly transitioning the business. To discuss acquisition opportunities, email or call.
About The Retirement Advantage (TRA)
The Retirement Advantage, Inc. (tra401k.com) is a premier third party administrator that specializes in administration, consultation and compliance of retirement plans for small, privately held businesses nationwide. Currently TRA services more than 5,600 plan sponsors, 350,000 plan participants and has more than $5 billion in retirement assets under its administration.
Any forward-looking statements contained in this press release are based upon TRA’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent TRA’s expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and TRA disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including TRA’s ability to timely close the acquisition(s); difficulties encountered in integrating merged businesses; costs related to the acquisition(s); whether certain markets grow as anticipated; the competitive environment in the industry and competitive responses to the acquisition(s); the combined company’s success developing new products or modifying existing products and the degree to which these gain market acceptance; general market and business conditions, particularly in the retirement plan industry; and unanticipated impact of accounting for acquisitions.