Crowe Employee Stock Ownership Plan (ESOP) and certain tax-related 401(k) Plan services will transition to Blue Ridge
Blue Ridge ESOP Associates, the nation's largest independent ESOP administration and recordkeeping firm, announced today that it has acquired the ESOP services and certain tax-related 401(k) services of Crowe LLP, a leading public accounting, consulting and technology firm. Financial terms of the transaction were not disclosed.
Following the transaction, significantly all assets and Crowe professionals associated with the Benefit Plan Services (BPS) business will transition to Blue Ridge.
"We're excited to integrate Crowe's ESOP business and people with Blue Ridge," said Bill Yoerger, Chief Executive Officer of Blue Ridge. "It's a great fit for our organization, as the BPS team's technical expertise and personalized client-centric culture mirrors ours."
"The Crowe ESOP and 401(k) plan administration practice offers true expertise in ESOP and retirement plan services." said Tom Roback, President of Blue Ridge. "Together we form a powerful combination of thought leadership, high quality, technological innovation and customer service."
Pete Shuler, VP–Senior Consultant at Blue Ridge and a former Crowe partner who transitioned as part of the transaction, added, "We look forward to transitioning the BPS clients to Blue Ridge, where they can expect to receive the same exceptional service to which they've become accustomed. Given the nature of our complementary businesses, clients will benefit from the expertise provided by both Blue Ridge and BPS. This is a win for our clients, a win for our people, and a win for both organizations."
SOURCE: Blue Ridge ESOP Associates
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