Rainier Partners Announces Platform Investment in Welfare & Pension Administration Service
Summary
Were confident this partnership will pave the way for the next phase of our growth journey.Rainier is proud to welcome the WPAS team to our portfolio, said Rainier Co-Founder and Managing Partner Jon Altman. They are the best in the business at what they do, and we are excited to put our expertise in financial and business services to work to help them drive further expansion.The increasing complexity of the benefits administration landscape has only strengthened the need for trusted partners like WPAS, added Rainier Vice President Henry Anderson.WPAS is a TPA firm founded in 1953 that provides services primarily to multi-employer benefit plans. WPAS is the trusted partner of dozens of such plans, helping to ensure that their members receive the health and retirement benefits they have earned. Visit the WPAS website here: www.wpas-inc.comRainier Partners is a Seattle-based private equity firm with over $375 million in assets under management that invests in lower middle-market services businesses. Rainier looks for opportunities to actively support business owners and management teams by providing growth capital, operational resources, and strategic partnership.