JULY Announces Acquisition Transaction with Digital Retirement Solutions

Waco, TX – March 21, 2023 – July Business Services, LLC (“JULY”), a leading national provider of 401(k) plan services to small to medium sized employers, has entered into an acquisition transaction with Digital Retirement Solutions (“DRS”). The DRS acquisition is part of JULY’s increased focus on strategic growth and represents the firm’s third acquisition in the past four years.

DRS was founded in 1998 to provide high tech and high touch recordkeeping and administration services for retirement plans, making them a valued strategic partner for investment advisors and employers. Michael Pierce, CEO of DRS, has joined the JULY team and will play a key role in business development and key relationship management. In addition, the entire team of DRS employees is transitioning to similar roles at JULY.

“JULY is a great cultural fit for DRS with a commitment to delivering a personal approach to client servicing. Integrating our clients onto JULY’s platform will allow us to introduce new technology to employers and advisors, present enhanced online tools and capabilities to participants, and improve internal workflows,” shares Michael Pierce, President of DRS. “We’re excited to have found such a progressive partner and look forward to significant growth.”

With this transaction, JULY has over 6,700 plans and $8.5B in plan assets. Additionally, JULY now maintains a business office in Longmont, Colorado, just outside of Denver.

“The DRS acquisition is a great fit for JULY’s strategic growth initiative. It not only strengthens our advisor and client relationships in Colorado and surrounding states, but it also adds credentialed and experienced talent to our team. Michael and his team have built a strong business with deep client and advisor relationships, a focus on quality and service, and it meets our top priority of enhancing and maintaining a strong company culture.” states John Humphrey, CEO of JULY.

About JULY
JULY offers a modern suite of retirement plan solutions aimed at putting workplace plans within the reach of millions of small businesses. JULY’s proprietary technology solutions streamline, automate, and simplify all facets of retirement plan setup and operation while its high-touch service model elevates the experience of employers, their employees, and their financial advisors. Today, JULY serves more than 6,500 401(k), cash balance, defined benefit, and other retirement plans across the country and provides expert white label and back-office support for other organizations. Please visit us at www.julyservices.com to learn more.

About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. The company manages total assets of approximately $950 million. For more information, please visit platformllc.com.