DENVER, Feb. 24, 2016 /PRNewswire/ -- 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.
About ALPS 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.
About DST 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.
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