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M&A

Northwest Plan Services acquires Kaufmann and Goble

Record keeper Northwest Plan Services acquired benefits consultant, actuary, record keeper and administration firm Kaufmann and Goble Associates, said Tom O'Brien, NWPS vice president.

Terms of the deal, which has closed, were not disclosed. Kaufmann and Goble was a San Jose, Calif.-based firm that primarily serviced multiemployer defined benefit plans, defined contribution plans, and health and welfare trusts with about $5 billion in assets under administration and now operates under the Northwest Plan Services name.

The deal gives Northwest Plan Services about 1,050 U.S. clients, serving 370,000 participants and now has more than $33 billion in assets under administration.