Periscope Equity invested in Welfare & Pension Administration Service, Inc., which works as a third-party administrator to Taft-Hartley and governance trust funds. The company represents the firm’s fifth platform investment out of its debut fund.
Periscope Equity (“Periscope”) announced today its investment in Welfare & Pension Administration Service, Inc. (“WPAS”), a leading independent third-party administrator to Taft-Hartley and government trust funds. WPAS represents the fifth platform investment of Periscope Equity I, L.P.
WPAS has been providing high quality administrative services to the Taft-Hartley industry since 1953. Headquartered in Seattle, WA, with five offices across four states in the Pacific Northwest and Alaska, WPAS manages benefit plans as a third-party administrator (TPA) serving over 150,000 union members and their dependents on behalf of top Taft-Hartley trust funds, associations, and government entities in the region.