Founded 1951 | ||
American Benefit Plan Administrators, Inc. (ABPA), founded in 1951, is one of the oldest third party administration (TPA) firms in the US, mainly serving clients in the Taft-Hartley industry, pension plans and voluntary employee benefit associations (VEBA).
ABPA has been operating its services through a network of service centers located throughout the US. The company is based in Spring Valley, Nevada.
Prior to 2001, ABPA was publicly traded as part of PlanVista Corporation (Nasdaq: PVST). On June 18, 2001 ABPA went private when it was acquired by Sun Capital Partners, a private equity firm, through its affiliate HealthPlan Holdings, Inc.
After its acquisition by Sun Capital, ABPA's growth strategy has been based mostly on growth through acquisitions. As part of this strategy ABPA has acquired Administrative Services, Inc. of Atlanta, Georgia; OBA Midwest of Burr Ridge, Illinois; and Associated Administrators Inc. of Portland, Oregon.