• Investment Year:2013
  • Status: Past
  • Stage:
  • HQ:Walnut Creek, CA

Newport Group

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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.


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.


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.


Stone Point established a management equity incentive plan to align the interests of all stakeholders and promote growth in equity value.


Stone Point assisted management in identifying acquisition synergies, which resulted in significant expense savings and EBITDA margin expansion.

Investments highlighted or discussed in this selection have been selected to illustrate SPC’s investment approach and/or market outlook and are not intended to be an indicator of past or future performance. Each investment discussed in this selection has been selected solely for this purpose and has not been selected on the basis of performance or any performance-related criteria. The investments discussed herein do not represent an entire portfolio and in the aggregate may only represent a small percentage of holdings. Nothing in this presentation shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument referenced herein.