William Blair acted as the lead financial advisor to U.S. Retirement and Benefits Partners (USRBP), a portfolio company of Kohlberg & Company (Kohlberg), in connection with its sale to the Vistria Group (Vistria). The transaction closed on June 15, 2023.
About the Companies
USRBP is a technology-focused, independent national financial services firm specializing in employee benefits and employer-sponsored retirement plans for public school, governmental, corporate, union, and non-profit employers.
Kohlberg is a leading U.S. middle market private equity firm based in Mount Kisco, New York. Over its 36-year history, the firm has organized 11 private equity vehicles totaling in aggregate of more than $14 billion. Since inception, the firm's private equity investments have generated more than $10 billion in realized returns with no realized losses since 2007. Kohlberg invests in leading middle market businesses that are identified through its rigorous White Paper Program in its six core practice areas.
Vistria is building a new kind of private investment firm that seeks to deliver both financial returns and societal impact. It invests in essential industries like healthcare, knowledge and learning, financial services and real estate that deliver value for investors as well as communities, employees, and consumers. With more than $10 billion in AUM, Vistria works as a true partner with its portfolio companies, drawing on its deep sector knowledge, operational expertise, unique network, diverse team, and impact orientation to achieve transformational growth.
Learn more about our financial services investment banking expertise.