Empower Retirement Acquires Retirement Business of Prudential Financial for $3.55B

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Go back to Empower Retirement Acquires Retirement Business of Prudential Financial for $3.55B

Empower Retirement to Acquire Full-Service Retirement Business of Prudential Financial, Inc.

July 21, 2021 7:01 AM EDT

Expands Empowers reach across retirement services market to more than 16.6 million individuals and $1.4 trillion in AUA

Empower poised to deliver broad set of solutions and capabilities to new and existing clients; strengthen investments across its existing suite of offerings

Advances Prudentials transformation and enterprise growth strategy

GREENWOOD VILLAGE, Colo. & NEWARK, N.J.--(BUSINESS WIRE)-- Empower Retirement and Prudential Financial, Inc. (NYSE: PRU) today announced they have entered into a definitive agreement for Empower to acquire Prudentials full-service... More