Leominster-based retirement planning firm Integrated Pension Services has acquired Worcester-based BDS Consulting Group, a move IPS says will expand its scale by about 50%.
The transaction sees IPS acquire all of BDS’ client relationships and staff, with BDS Consulting Founder Jill Whittredge remaining on the near term to support the transition. BDS Consulting is a retirement plan consulting firm serving more than 260 clients nationwide, according to a Thursday press release from IPS.
“This acquisition is a natural extension of our growth strategy and our mission,” Jason Grantz, CEO and chief revenue officer of Integrated Pension Services, said in the press release. “BDS is deeply aligned with how we serve clients—combining technical expertise, responsiveness and a genuine commitment to retirement security. Bringing our teams together allows us to expand capacity, eliminate redundancy, and better serve plan sponsors, advisors and participants.”
IPS serves more than 400 businesses across the country, providing employers with assistance in establishing, managing, and optimizing successful retirement plans. The firm was founded in 1980.
BDS will continue to operate under its own branding for the time being, completing a rebrand to IPS within 12 months.
“I chose Integrated Pension because their business model is closest to ours,” Whittredge said in the press release. “I know they will continue delivering the same high-quality, timely support our clients expect.”
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
