Pine Tree Equity Expands Northwest Plan Services to East Coast with CDM Retirement Consultants

Pine Tree Equity II, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has acquired CDM Retirement Consultants, Inc. (“CDM”) as an add-on acquisition for Northwest Plan Services, Inc. (“NWPS”) in January 2015.  CDM, founded in 1998 and headquartered in Towson, MD, is a provider of open architecture retirement plan solutions, offering full service, comprehensive recordkeeping and expert administration to over 500 retirement plan clients.  Collectively, NWPS and CDM provide retirement plan recordkeeping and administration for approximately $10.0 billion in assets and 180,000 plan participants.  For additional information on NWPS, please visit www.nwp401k.com.

CDM represents NWPS’ first add-on acquisition.  Pine Tree Equity partnered with Mr. Tim Wulfekuhle, the President and Chief Executive Officer of NWPS, in November 2012 to recapitalize the platform in order to materially expand the company’s geographic presence.  The acquisition of CDM positions NWPS with a strong presence on each coast and adds two experienced entrepreneurs in Mr. Chip Earle and Ms. Virginia McGinnis to the executive management team.

CDM marks Pine Tree Equity’s 8th investment in the financial services industry and 27th investment since Pine Tree Equity’s inception in 2007.  Pine Tree Equity is actively searching for additional retirement plan administration add-on investments.  We are pleased to offer traditional referral fees for a closed transaction based on a signed fee agreement.  For additional information, please call Evan Horton at (305) 808-9841.