The deal closed September 30, 2011. Bert Nester, founder and president of APS, remains with the company and joins Tegrit Group as the Managing Director of its Columbus office.
Tegrit says the acquisition of APS allows the company to work more effectively with clients and the professional community in the Columbus area. Combined with Tegrit’s wholly-owned subsidiary, Summit Retirement Plan Services, Tegrit has high expectations for growth in the region.
“We’ve been doing business in Columbus for over 10 years, and we are extremely pleased to now have a local presence with the completion of this strategic acquisition,” said Michael Spickard, CEO of Tegrit Group and Summit Retirement Plan Services. “We look forward to providing growth opportunities for our Columbus staff, expanding our Columbus client base and more directly marketing our actuarial consulting expertise in a growing major metropolitan area, which aligns with our long-term growth strategy. We expect to make additional acquisitions of third party administrators (TPA) after the integration of APS has been completed.”
APS specializes in the design, implementation, and administration of retirement plans for a diverse set of clients.
The Tegrit Group, comprised of Tegrit Technologies, Tegrit Administrators, and Summit Retirement Plan Services, provides advanced recordkeeping and software solutions, actuarial consulting, and administration services for defined benefit, defined contribution, cash balance and retiree medical plans. For more information visit Tegrit.com or call 1877-7TEGRIT.