Stratrix
On the Record · DST Systems

DST Systems acquisitions, on the record

The businesses DST Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
kasina LLC
Word for word“On January 1, 2015, we acquired all of the membership interests of kasina LLC, a strategic advisory firm to the asset management industry for $9.0 million of upfront cash consideration and up to $5.0 million of performance-related contingent consideration.” 10-K for 2015
acquisitionJanuary 1, 2015$9.0 million of upfront cash consideration and up to $5.0 million of performance-related contingent consideration
Red Rocks Capital LLC
Word for word“On July 31, 2015, we acquired all of the membership interests of asset manager Red Rocks Capital LLC, which focuses on listed private equity and other private asset investments, for $45.0 million of upfront cash consideration and up to $20.0 million of performance-related contingent considerations.” 10-K for 2015
acquisitionJuly 31, 2015$45.0 million of upfront cash consideration and up to $20.0 million of performance-related contingent considerations
Wealth Management Systems Inc.
Word for word“On August 21, 2015, we acquired all of the outstanding common stock of Wealth Management Systems Inc., a provider of technology-based rollover services, for $64.0 million of cash consideration.” 10-K for 2015
acquisitionAugust 21, 2015$64.0 million of cash consideration
Kaufman Rossin Fund Services LLC (KRFS)
Word for word“On February 24, 2016, we acquired all of the membership interests of Kaufman Rossin Fund Services LLC (“KRFS”), for $95.0 million in cash, subject to certain adjustments.” 10-K for 2015
acquisitionFebruary 24, 2016$95.0 million in cash, subject to certain adjustments
ALPS Holdings, Inc., Newkirk Products, Inc., Lateral Group Limited, Intellisource Healthcare Solutions, Finix Business Strategies, LLC, Finix Converge, LLC and Subserveo, Inc.
Word for word“In 2011, we acquired the following businesses: ALPS Holdings, Inc., Newkirk Products, Inc., Lateral Group Limited, Intellisource Healthcare Solutions, Finix Business Strategies, LLC, Finix Converge, LLC and Subserveo, Inc.” 10-K for 2015
acquisition2011—
North American Customer Communications business
Word for word“we sold our North American Customer Communications business for cash consideration of $410.7 million on July 1, 2016.” 10-K for 2016
divestitureJuly 1, 2016$410.7 million
U.K. Customer Communications business
Word for word“Additionally, during the second quarter 2016, our Board of Directors approved a plan for management to divest of our U.K. Customer Communications business.” 10-K for 2016
agreed divestiture——
wholly-owned foreign subsidiary providing water billing software and services
Word for word“Additionally, in November 2016, we sold a wholly-owned foreign subsidiary that provides water billing software and services solutions for cash consideration of approximately $6.1 million , subject to customary working capital post-closing adjustments.” 10-K for 2016
divestitureNovember 2016approximately $6.1 million
Billing Solutions business
Word for word“We recorded a pretax gain of $5.5 million on the sale of the business during 2016.” 10-K for 2016
divestitureduring 2016—
Global Solutions
Word for word“On November 30, 2014, we sold Global Solutions for cash consideration of $95.0 million , subject to customary working capital post-closing adjustments.” 10-K for 2016
divestitureNovember 30, 2014$95.0 million
U.K. Customer Communications Bristol production facilities
Word for word“In April 2016, we completed the sale of our U.K. Customer Communications’ Bristol production facilities for pretax proceeds totaling approximately $16.0 million .” 10-K for 2016
divestitureApril 2016approximately $16.0 million
State Street's ownership interest in BFDS
Word for word“The BFDS acquisition was effectuated through a non-taxable exchange of our State Street common stock with a fair value of $163.4 million for State Street’s ownership interest in BFDS.” 10-K for 2017
acquisition—$163.4 million
State Street's ownership interest in IFDS U.K., IFDS Percana and IFDS Realty U.K.
Word for word“We also acquired State Street’s ownership interest in IFDS U.K., and IFDS L.P.’s ownership in IFDS Percana and IFDS Realty U.K. for total cash consideration of $234.9 million .” 10-K for 2017
acquisition—$234.9 million
Kaufman Rossin Fund Services LLC
Word for word“On February 24, 2016, we acquired all of the membership interests of Kaufman Rossin Fund Services LLC (“KRFS”), an independent, full-service provider of specialized hedge fund administration services to the global financial community.” 10-K for 2017
acquisitionFebruary 24, 2016—
wholly-owned foreign subsidiary providing water billing software and services solutions
Word for word“In November 2016, we sold a wholly-owned foreign subsidiary that provides water billing software and services solutions for cash consideration of approximately $6.1 million .” 10-K for 2017
divestitureNovember 2016approximately $6.1 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$93.5 million$61 million
2017-12-31$38.9 million$265.4 million

Deal filings since 2016

Read from DST Systems’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.