Prime Pensions Expands Its Reach into Arizona with New Acquisition

Prime Pensions, Inc. (PPI), a prominent player in retirement plan administration, has made a significant move by acquiring The Raymond Company Pension Services LLC. This strategic purchase marks PPI's entry into the Arizona market, assuring clients and partners enhanced capabilities and services.

The Acquisition

The Raymond Company, headquartered in Mesa, AZ, has a long-standing reputation as a reliable third-party administrator of retirement plans. They have been serving clients since 1970, focusing on helping business owners ensure the financial well-being of their employees. Their expertise and commitment to personal service have earned them a loyal clientele over the past five decades.

With the acquisition, clients of The Raymond Company will gain access to PPI's extensive resources, advanced technology solutions, and comprehensive plan administration services. Financial details of this transaction have not been disclosed, but the impact on the community and clients is expected to be profound.

Statements from Leadership

Scott Feit, the Founder and President of PPI, expressed his enthusiasm about the acquisition. He stated, "We consistently seek out great companies led by outstanding leaders with impressive growth trajectories and a strong cultural fit—and Raymond checked every box. The strategic acquisition of Raymond will enable us to grow in the Southwest region and aligns with our mission to provide high-touch, customized services to retirement plan sponsors across the U.S."

Tim Raymond, who co-owns The Raymond Company, echoed this sentiment, stating, "Family is our foundation, and that principle guides every aspect of how we operate. By joining the PPI family, we can continue to grow while preserving the values and culture that define us. Our clients will benefit from enhanced capabilities without sacrificing the dedicated attention they rely on. We are excited about this next chapter and remain committed to our legacy of reliability and expertise."

A Bright Future

This acquisition not only positions Prime Pensions as a leader in retirement plan administration across the nation but also amplifies its commitment to providing customized services that cater to the unique needs of clients across diverse markets. The seamless integration of The Raymond Company's operations into PPI's framework is expected to bring long-term benefits to their clients and partners alike, ensuring they receive exceptional service and a wider range of offerings.

With this strategic move, PPI solidifies its focus on expanding its reach in the Southwest region, offering clients a blend of local knowledge alongside national support. As they continue to explore avenues for growth and enhancement of their services, both companies stand poised for a robust future built on the foundations of trust, expertise, and commitment to client success.

About Prime Pensions

Based in Florham Park, NJ, Prime Pensions, Inc. operates as an independent provider of retirement plan administration, consulting, and compliance services. The company primarily serves small and mid-sized businesses, leveraging local expertise and nationwide resources to meet client needs. Importantly, Prime Pensions operates independently of any investment product provider, ensuring unbiased services without offering investment advice.

With their eyes set on future growth, PPI's recent acquisition of The Raymond Company aims to enhance their service provision in Arizona, promising clients an even brighter outlook.

Media Contact: Rucelle Dizon
Chief Corporate Development Officer
Prime Pensions Inc
Email: [email protected]