Ascensus Purchases All Equity of PenSys and PenSys Fiduciary Services

Ascensus, LLC, the nation’s largest independent retirement and college savings service provider, purchased all of the equity of two California corporations — PenSys, Inc. and PenSys Fiduciary Services, Inc. — both in the business of providing retirement plan administration, document forms and valuation products and services. Our firm represented Ascensus in the transaction.