Wolters Kluwer Financial & Corporate Compliance (FCC) has announced an agreement to acquire Registered Agent Solutions, Inc. (RASi) from Lexitas, a legal services firm backed by Apax Partners. The $415 million cash transaction will bolster the presence of FCC’s CT Corporation in the small and mid-sized business sector, strengthening its corporate compliance and entity management offerings.

RASi, headquartered in Austin, Texas, provides registered agent services and a range of corporate compliance solutions, including business licensing, UCC search and filing, beneficial ownership filing, and entity management. The company serves thousands of businesses and law firms across the U.S. and has approximately 180 employees.

“We have long admired RASi’s strong reputation for innovation, growth, and service quality,” said Catherine Wolfe, Executive Vice President and General Manager of CT Corporation. “We share their commitment to delivering exceptional solutions to customers and could not be more excited to welcome RASi to Wolters Kluwer.”

The acquisition comes amid increased regulatory complexity for businesses, particularly in compliance with beneficial ownership and corporate transparency requirements. By integrating RASi’s services with CT Corporation’s established compliance platform, Wolters Kluwer aims to enhance its capabilities for businesses navigating corporate governance regulations.

RASi reported an estimated $52 million in revenue for 2024, with a history of profitability. The deal is expected to deliver a return on invested capital above Wolters Kluwer’s after-tax weighted average cost of capital (8%) within five years. Initially, the transaction is expected to have a limited impact on adjusted earnings.

Pending regulatory approvals and customary closing conditions, Wolters Kluwer expects the acquisition to be finalized in the first half of 2025.