March 6, 2007
Pentec sale closes
The $3.5 million sale of Southington-based sister firms
Pentec
and Pentec Capital Management to
National Investment Managers
of New York closed this morning. Pentec, established in 1981, is a pension consulting and administration firm with 500 plans and $525 million in assets under administration. Pentec Capital Management manages approximately $180 million in assets provides investment services through Investors Capital Corporation. The deal gives NIM its first footprint in the Connecticut market.
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