Newport Group is a leading independent provider of retirement plans, insurance and consulting services.
The company has more than $300 billion in corporate retirement and insurance assets, encompassing over 1 million plan participants across the United States. In 2022, Newport Group was acquired by Ascensus, another leading provider of technology-enabled administration services to the tax-advantaged savings market and a Trident VIII portfolio company.
INDUSTRY KNOWLEDGE & NETWORK
Stone Point helped Newport grow its presence in the BOLI administration market through a partnership with Greenspoint (formerly Clark Consulting), which added over $35 billion of BOLI assets under administration.
M&A SOURCING
Stone Point assisted with four acquisitions, making Newport the then second largest independent retirement service provider and the nation’s leading administrator of COLI/BOLI.
EXECUTIVE RECRUITING & ALIGNMENT
Stone Point established a management equity incentive plan to align the interests of all stakeholders and promote growth in equity value.
OPERATIONAL ASSISTANCE & GOVERNANCE
Stone Point assisted management in identifying acquisition synergies, which resulted in significant expense savings and EBITDA margin expansion.
