Troutman Pepper represented Plan Management Corporation (PMC), the creator of OptionTrax®, a leading digital equity plan administration platform and service provider, in its sale to Empower, a leading provider of retirement and wealth management services. Read a company press release about the acquisition.
Under the agreement, Empower has wholly acquired PMC, headquartered in West Conshohocken, Pennsylvania, including its technology, proprietary product and service offerings, intellectual property, licenses, and contracts. The combination will bring together Empower’s leading retirement and wealth management services and integrated financial tools with OptionTrax’s growing, digitally oriented equity compensation platform and administration services.
The multi-disciplinary team advising PMC was led by Robert Friedel and Joseph Kadlec, and included Sakia DeLaney, Lele Meng, Thomas Gray, Keegan McCoy, Josh Gelfand, Emily Davidson, Peter Wakiyama, Pamela Bishop, and Dawn Hall.