Vestwell Holdings to Acquire Accrue 401k

Davis Polk advised Vestwell Holdings Inc. on its acquisition of Accrue 401k, Inc. The transaction will see Vestwell acquire Accrue 401k. After close, nearly 30,000 retirement plans and approximately 350,000 savers are expected to transition to the Vestwell platform. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in early 2026. Vestwell is a financial technology company founded in 2016 that provides a comprehensive suite of workplace savings solutions, including retirement plans, student loan repayment benefits and specialized accounts for education, emergencies and disability savings. Accrue 401k was created to manage the Guideline 401(k) plans carved out of Gusto’s recent $600 million acquisition of Guideline, a company that offers low-cost, highly automated 401(k) plans. Davis Polk represented Vestwell Holdings Inc. with a team composed by: partner Evan Rosen; Jared Fine; counsel Kris D. Desrosiers; associate Leon Ren; partner Pedro J. Bermeo (capital markets); partner Byron B. Rooney (capital markets); partner Nikolaus Caro (sponsor finance); associate K. Oliver H. Schauman (sponsor finance); partner Corey M. Goodman (tax); partner Kyoko Takahashi Lin (executive compensation); partner Pritesh P. Shah (intellectual property); partner Gregory S. Rowland (investment management). All members of the Davis Polk team are based in the New York office.

Vestwell Holdings to Acquire Accrue 401k

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