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Blue Ridge Associates acquires QRPS for growth

Apr 16, 2025•4 months ago

Acquiring Company

Blue Ridge Associates

Acquired Company

Qualified Retirement Plans Services

CharlottesvilleRaleighEmployee BenefitsFinanceFinancial Services

Description

Blue Ridge Associates has acquired Qualified Retirement Plans Services (QRPS), enhancing its service offerings in the 401(k) & Pension space. This acquisition aims to strengthen Blue Ridge's client care, industry expertise, and technology. QRPS, established in 1988, serves over 1,000 plans and 31,000 participants with more than $2 billion in assets. The move is part of Blue Ridge's strategic growth objectives.

Company Information

Company

Blue Ridge Associates

Location

Charlottesville, Virginia, United States

About

Blue Ridge Associates, founded in 1988, is a national leader in delivering technology-enabled administration solutions for employer-sponsored, tax-advantaged equity compensation and savings benefit plans. The company has built a strong reputation as a reliable provider of compliance services and innovative tools that support employers in offering wealth-building benefits such as ESOP, 401(k), 403(b), and pension plans. Blue Ridge Associates has been serving clients across the United States, providing expertise to over 8,700 plan sponsors covering 870,000 employees with more than $60 billion in assets.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed