Simpson Thacher is advising Ascensus in connection with its entry into an agreement to acquire AmericanTCS, a leading provider of innovative retirement, trust & custody and technology automation solutions. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.
Ascensus brings together intuitive technology, AI and high-touch service to support better financial outcomes for savers, small- to mid-sized businesses, state governments and leading corporations and financial institutions. Ascensus offers comprehensive qualified and nonqualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, corporate- and bank-owned life insurance solutions, as well as fiduciary and total rewards services.
Simpson Thacher represented funds managed by Stone Point Capital LLC in connection with the acquisition of Ascensus in 2021.
The Simpson Thacher team includes Elizabeth Cooper, Mark Viera, Malik Ladhani, Michael Lazris and Kayla Sinoimeri (M&A); Benjamin Rippeon and Edward Grais (Tax); David Blass and Meredith Abrams (FINRA); Spencer Sloan (Financial Regulatory); and Peter Guryan and Richard Jamgochian (Antitrust).