ABPA Acquires Tedro & Associates
AMERICAN BENEFIT PLAN ADMINISTRATORS ACQUIRES TEDRO & ASSOCIATES CHICAGO-BASED THIRD PARTY ADMINISTRATOR FOCUSED IN THE TAFT-HARTLEY MARKET
Tampa, Fla (July 8, 2008) – American Benefit Plan Administrators (“ABPA”), one of the nation’s largest third party administrators (“TPA”) operating in the multi-employer benefits plans, today announced that it has acquired Tedro & Associates, Inc. (“Tedro”), a third party administrator serving Taft-Hartley funds. Based in Wheeling, Illinois and founded in 1980, Tedro is one of the most well respected TPAs in the Taft-Hartley market.
Dan Maier, Chief Operating Officer, ABPA, said: "We are delighted to welcome Tedro’s Taft-Hartley clients, employees and management team to our ABPA family. Tedro has an excellent reputation in our market segment and it is our intent to enhance the services provided to Tedro’s clients by introducing ABPA’s advanced technology solutions. This acquisition supports our long-term strategic commitment to being the leading national administrator in the Taft-Hartley market.”
Gerald (Jerry) Mele, President of Tedro & Associates added, “ABPA’s commitment to advanced technology and their substantial investments in this area will enhance our ability to serve our clients and their plan participants into the future. We are pleased to be a part of ABPA since the merger of our companies will provide the highest level of service to our clients.”
About American Benefit Plan Administrators
American Benefit Plan Administrators, Inc. is a wholly owned subsidiary of HealthPlan Holding, Inc., an affiliate of Sun Capital Partners, Inc. ABPA is one of the nation’s largest third party administrators operating in the multi-employer sector. Founded in 1951, ABPA has over 50-years experience in administering benefits for Taft-Hartley Funds, large employers, and state and local governments. ABPA offers the specialized skills, knowledge and technological expertise necessary to meet the expanding requirement of plan sponsors, employers, participants and government regulators. For more information about ABPA, please visit www.abpa.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 195 companies worldwide with combined sales in excess of $40.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfort, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.
Contact:
Dan Maier, Chief Operating Officer, American Benefit Plan Administrators
702-892-7362
Dmaier@abpa.com
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