DENVER, CO – February 24, 2016 – ALPS, a DST (NYSE: DST) company providing products and services to the financial services industry, today announced it has completed the previously announced acquisition of alternative fund service provider Kaufman Rossin Fund Services (KRFS).
With offices in Miami, Boston, San Francisco, Dallas, and Grand Cayman, KRFS will add sophisticated technology and deep domain expertise in accounting and valuation, back-office outsourcing, investor services, treasury services, and customized reporting to ALPS. The acquisition further enhances ALPS' position as one of the leading providers of administration services to the financial community.
"The combined operations will add additional scale and expand our capabilities in some of the fastest growing segments of the alternatives market," said Ned Burke, CEO of ALPS Holdings, Inc. "ALPS is uniquely positioned to help asset management firms succeed as they expand their product offering."
The combined organization intends to retain the ALPS brand.
Metronome Partners acted as financial advisor and Stearns Weaver Miller Weissler Alhadeff & Sitterson acted as legal counsel to KRFS on the transaction. Morrison & Foerster acted as legal counsel to DST and ALPS on the transaction.
Through its subsidiary companies, ALPS Holdings, Inc. is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Founded in 1985, Denver-based ALPS delivers its Asset Management and Asset Servicing Solutions through offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly-owned subsidiary of Kansas City-based DST Systems, Inc. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.
DST Systems, Inc. is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure, and service excellence, DST helps companies master complexity in the world's most demanding industries to ensure they continually stay ahead of and capitalize on ever-changing customer, business, and regulatory requirements. For more information, visit the DST website at www.dstsystems.com.
Laura M. Parsons
DST Public Relations
Safe Harbor Statement
Certain material presented in the press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, (i) all statements, other than statements of historical fact, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future or that depend on future events, or (ii) statements about our future business plans and strategy and other statements that describe the Company's outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. Whenever used, words such as "may," "will," "would," "should," "potential," "strategy," "anticipates," "estimates," "expects," "project," "predict," "intends," "plans," "believes," "targets" and other terms of similar meaning are intended to identify such forward-looking statements.
Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. Factors that could cause results to differ materially from those anticipated include, but are not limited to, the risk factors and cautionary statements included in the Company's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this press release to reflect new information, future events or otherwise.
Your browser does not support iframes.