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LLCP portfolio company Blue Ridge ESOP Associates acquires Crowe’s tax benefits plan services business

Blue Ridge ESOP Associates (Blue Ridge), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired substantially all of the tax benefits plan services (BPS) business of Crowe LLP. 

The addition of the BPS business strengthens Blue Ridge’s position as an independent ESOP and 401(k) third party administration and recordkeeping firm.

The BPS business has built a track record of strong performance in employee stock ownership plan (ESOP) services and retirement plan services. Its nearly 30 employees currently serve over 400 clients and more than 500 plans that are expected to transition to Blue Ridge. The combination of the businesses brings together two of the highest-quality organisations in the industry with strong reputations for outstanding product offerings and client service. The combination of skills and expertise, and the bundling of services is expected to drive new opportunities for clients and long-term growth for the company.

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