A subsidiary of Kansas City-based DST Systems Inc. has acquired Kaufman Rossin Fund Services LLC, which provides accounting and other administrative services for investment firms.
The acquisition by ALPS Holdings Inc. is expected to be completed in the first quarter of 2016. The purchase price was not disclosed.
ALPS, based in Denver, provides investment products and other support for the financial services industry. The company also has offices in Boston, New York, Seattle and Toronto.
Kaufman Rossin has offices in Miami, Boston, San Francisco, Dallas and Grand Cayman. It is affiliated with Kaufman Rossin, an accounting and advisory firm.