Zenith Administrators, Inc. is a leading third party benefit administrator serving multi-employer, single employer, and public employer benefit plans. Zenith serves as administrator, manager, or technology service vendor primarily for union (Taft-Hartley) plans, but also for corporate employers, government entities, trade associations, and benefit trust funds through a network of locations throughout the U.S. The company was formed through the acquisition of six regional TPA’s between 1986 and 1993 and has since continued to build its reputation for high quality service and grow its leading market position within the Taft-Hartley market.
In March 2005, Caltius Mezzanine provided senior debt, subordinated debt and an equity co-investment to support the management buyout of the company by existing management and a group of equity investors. The equity investors were led by Aspen Partners, who had entered into an agreement with the seller, ULLICO, Inc., which required a financing commitment in a short time frame.