parthenon capital venbrook

"We could not be more thrilled to join the Venbrook team through this transformative partnership," saidThomas E. Sleeper, IIB's founder who will continue to lead IIB's business and become Managing Director, Venbrook Insurance Services Northeast Real Estate. Completion of the acquisition is expected in the first quarter of 2022, with a target date of Feb. 18, pending satisfaction of customary conditions. IIB is a perfect complement and accelerant to our growing suite of nationwide commercial real estate risk management services.". We are committed to maintaining a safe and healthy workplace for our employees and our clients. Tel: 818.598.8937. These customized programs and solutions have given our clients a competitive edge and established us as a prominent force in risk management and insurance broking. At Trilogy, Andrew focused primarily in business development, establishing partnerships to spur growth for one of Trilogys subsidiaries. Venbrook Group, LLC acquired RD Parisi Associates, Inc. and David Morse and Associates. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. Prior to joining Venbrook, he held CFO roles at Concord Blue Energy, Hyman, and Suncor Capital. BirchStreet'in dikey olarak uzmanlam tedarikten demeye yazlmlarn lider salaycs olarak bymesini hzlandracak ilem. It has utilized debt financing previously on acquisitions, including a $42mn capital raise from New York Life subsidiary Madison Capital Funding in 2016 when it bought New Jersey-based wholesale broker and MGA Brooks Insurance Group. Truly, its a win for everyone., When we first invested in Venbrook in 2020, we saw an incredible opportunity to partner with an energetic team and back an aggressive plan for both organic and strategic growth, said Andrew Dodson, Managing Partner at Parthenon Capital. Valley View, PA 17983 Why it matters: Zelis aims to remove friction from transactions and simplify payment processes to drive more affordable . Parthenon has particular expertise in healthcare, financial and insurance services, and technology services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. The private equity firm said in a Monday (Feb. 13) press release that it has entered into a definitive agreement to acquire . Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . We communicate openly, frequently, without fear, and leave no question unanswered, We are transparent, honest and ethical and operate under the highest standards of professional behavior, We are leaders. Fax: 570.682.9251, 70 Bridge Plaza Drive We can identify potential exposures in both the tech and IT world, including cybercrime, communications, the cloud, and specialty coverages. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Venbrook Insurance Services LLC. 2023 PCP Enterprise, L.P. All rights reserved.Parthenon, Parthenon Capital, Parthenon Capital Partners and all related logos are registered service marks of PCP Enterprise, L.P. RSM and Parthenon are dedicated to ensuring a smooth transition for RSMs wealth management people and clients. Woodland Hills, CA 91367 Certain executives have received compensation for their services to Parthenon portfolio companies, including equity grants, profits interests, board of directors fees, consulting fees and other advisory fees, as well as co-investment opportunities. for media use only. With Parthenons ongoing support through financial growth capital and strategic expertise, we continue to see a very bright future of growth., We couldnt be happier to join the Venbrook fold, said Duke Snider, CEO of DMA. PE firm Parthenon buys into Venbrook at around 10x Ebitda. Venbrooks solutions and the specialized programs we develop, provide risk-management ideas that empower institutions to minimize uncertainty, protect their assets, and optimize profitability. Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. Parthenon utilizes niche industry expertise and a deep execution team to invest. For more information about the Barrons 2021 Top 100 RIA Firms List, please visit Barronswebsite. Venbrook caters to a national client base across myriad industries with divergent needs. Tel: 818.598.8900 The Company invests in business services, financial, healthcare, distribution, and technology companies. Since our founding in 1998, we have partnered with world-class management teams tocomplete over 50 platform acquisitions and 200 add-on acquisitions representing more than $5 billion in value in these sectors. The acquisitions mark the latest chapter in Venbrook's growth since it partnered with private equity firm Parthenon Capital last year. Parthenon utilizes niche industry expertise and a deep execution team to. Anthony J. Orazio Partner Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firm's Boston office. If you are a subscriber, please sign back in to read this article Successful companies in financial services must utilize technology and focus to manage an ever-changing regulatory and competitive landscape. We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. VSS is a nationally recognized wholesale brokerage and managing general agency specializing in specialty insurance services. Ours is a history of evolution decades in the making. Our investments include businesses that provide financial software and analytics, outsourcing services, insurance distribution, asset management, specialty lending, accounts receivable and collections, mortgage services and employee benefits. Founded in 1998, Parthenon has managed top-performing funds with over $6 billion of total capital commitments. Deep expertise is needed to navigate the ever changing healthcare landscape. In Venbrook'sfirst 10 years, we grew threefold, while providing a full range of services to organizations both large and small. Tel: 847.598.3677 LinkedIn, Justin Slaten Fax: 818.598.8910, 11512 El Camino Real, Suite 120 Serving a diverse array of clients ranging from publicly traded REITs to privately held large-scale multifamily housing portfolios, IIB will further enhance Venbrook's deep expertise in commercial real estate, including its proprietary real estate-focused specialty programs. origin : the genesis of our brokerage business and the evolutions of its leadership. Furthermore, clients can continue to receive tax and other services from RSM US LLP. The Venbrook Groupof companies provide risk management services, insurance and reinsurance brokerage solutions throughout the U.S. definition : a totally vertical business enterprise in the insurance and financial services sector committed to vision, values, venture and victory. Andrew was also a financial analyst for Enron Corporation in the companys retail group. Venbrook is headquartered inLos Angeleswith various locations across the country. Andrew joined Parthenon Capital in 2005. Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. For more information, please visit www.venbrook.com. Venbrook and Parthenon could not be reached for comment on this article. Los Angeles-based Venbrook Group LLC said Wednesday it has acquired InterContinental Insurance Brokers LLC, a Boston-based property/casualty brokerage. Tel: 732.972.0600 Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Fax: 973-243-5550, Camas, WA 98607 Venbrook Financial Services www.venbrook.com A leading, national insurance distribution platform offering retail broking, wholesale broking, programs, and claims servicing. We take a research-driven approach within our core sectors where we have sustainable operating and investment experience. Whether you are a property manager, real estate agent/broker, lawyer, architect/engineer, or consultant, discover how we can tailor a solution for you. Fund VI closing soon, $1.5B target with a $1.8/1.9B cap (LP capital) Target 13-16 portfolio companies per fund (target of 3-5 new investments per year) Starting platforms typically between $50 and $500MM of enterprise value and >$7.5MM of EBITDA Considered a 2002 "re-start" of the original Parthenon Capital Benefits America Insurance Services, LLC. Its commercial insurance brokerage arm operates across a broad spectrum of P&C lines of business, while its Venbrook Specialty Services unit incorporates a transactional wholesale brokerage and a MGA that writes specialty programs. InterContinental Insurance Brokers, LLC ("IIB"). The executive has been tasked with overseeing top-line growth through organic initiatives, as well as strategic acquisitions and partnerships, and is responsible for operations efficiencies and margin improvements across the Venbrook Group and its subsidiaries. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Parthenon Capital, a prolific healthcare and fintech investor, is back in market with its sixth flagship fund, targeting $1.5 billion, two LPs told Buyouts. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Venbrook Group, LLC (Venbrook), one of the largest independent insurance distribution and services firms in the U.S., announced today the acquisition David Morse & Associates (DMA). Prior to Enron, he worked for Trilogy, Inc., an enterprise software company in Austin, Texas. San Diego, CA 92130 We embrace new thinking and technology to create opportunities that add value for our stakeholders. "Parthenon Capital is a leading, growth-oriented mid-market private equity firm with offices in Boston, San Francisco, and Austin. Schaumburg, IL 60173 Oct 20, 2016, 10:00 ET. RD Parisi complements Venbrooks already robust employee benefits division and expands Venbrooks presence on the East Coast. Parthenon Capital-backed insurance distribution company Venbrook Group has appointed Bryan Meyer as executive vice president, programs for its subsidiary Venbrook Specialty Services. . "Venbrook has built an outstanding culture and reputation that aligns perfectly with IIB's approach to providing clients with superior service and risk management solutions. IIB has a 30+ year history of providing best-in-class insurance and risk management services to commercial real estate and high net worth personal lines clients. We cater to both staff and owners in the hotel and hospitality industry, programs that include Business Property, Workers' Compensation, Business Liability, Business Crime, Guests' Property Coverage and other guests' related risks. When it comes to property that is mobile or being transported via water, rely on our specialists to advise you about the best ways to reduce associated risks and mitigate losses. The addition of Alison Myers and her team at Megan Insurance expanded Venbrooks team of professionals providing best-in-class employee benefits solutions and services. Fax: 818.598.8910, 1320 Tower Road, Suite 149 The Venbrook Groupof companies provide risk management services, insurance and reinsurance brokerage solutions throughout the U.S. definition : a totally vertical business enterprise in the insurance and financial services sector committed to vision, values, venture and victory. Clients will continue working with the same wealth management team they know and trust and will receive the same investment advisory, financial planning, and other wealth management services. We listen, learn, educate and apply our knowledge to work for you. We work collaboratively with management teams to create value by building market leaders and accelerating earnings growth through both acquisitive and organic strategies. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Tel: 973-243-5500 Parthenon Capital is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. 6320 Canoga Avenue Suite 1200, Woodland Hills, California 91367. Manalapan, NJ 07726 Venbrook caters to a national client base across myriad industries with divergent needs. Zelis Healthcare, backed by Parthenon Capital and Bain Capital, has agreed to acquire Payer Compass for roughly $180 million, sources familiar with the matter tell Axios. Parthenon Capital 2022 - Present1 year Boston, MA U.S. Jun. In this role, he structured multiyear swaps with companies in multiple industries to hedge their energy exposure. We protect educational institutions. Do Not Sell or Share My Personal Information (California). DMA was advised on the transaction by Waller Helms Advisors. Partnering with Venbrook will allow us to continue to deliver the same level of service our clients have come to expect. Parthenon Capital is a leading growth-oriented mid-market private equity firm with offices in Boston, San Francisco and Austin. LOS ANGELES,Dec. 1, 2021/PRNewswire/ --Venbrook Group, LLC ("Venbrook"), one of the largest independent insurance distribution and services firms in the U.S., today announced the acquisition ofInterContinental Insurance Brokers, LLC ("IIB"), a full-service property and casualty insurance brokerage and risk management firm headquartered inBoston, MA. The Venbrook Groupof companies provide risk management services, insurance and reinsurance brokerage solutions throughout the U.S. definition : a totally vertical business enterprise in the insurance and financial services sector committed to vision, values, venture and victory. Prior to joining Parthenon in 2002, he was the CFO and Vice President of Operations for Everdream, a software company sold to Dell providing outsourced IT . minimum capital and contributed surplus required of an insurance Prior to Oak Hill, he worked in the investment banking group at Blackstone (nka PJT Partners) where he focused on the financial services industry. 399 Boylston Street, 13th Floor Boston, MA 02116, Four Embarcadero Center, Suite 3610 San Francisco, CA 94111, 1400 Lavaca Street, Suite 1300 Austin, TX 78701. Parthenon seeks to be an active and aligned partner to management, either through . origin : the genesis of our brokerage business and the evolutions of its leadership. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. Parthenon Capital 399 Boylston Street, 13th Floor, Boston, Massachusetts 02116 United States (617) 960-4000 www.parthenoncapital.com info@parthenoncapital.com Profile M&A Activity (90) Portfolio (64) Team (22) Offices (3) M&A Connections (43) M&A Advisors (11) Analytics This structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, strong cash flow, and capital appreciation for the companies and investment partners we serve. Parthenon Capital is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. Fax: 847.598.3678, 927 West Main Street Valley View, PA 17983 Tel: 818.598.8900 Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. 2023 Venbrook Group Holdings, LLC. Chief Financial Officer Parthenon . Headquartered in Glendale, CA, DMA is an industry leading independent adjuster servicing more than 40 states nationally with over 150 locations. Visit ePay for easy online payments. We also have programs for dealerships, insurers, manufacturers and more. We are pleased to continue to support that plan with these acquisitions and remain extremely optimistic about Venbrooks growth trajectory.. We listen, learn, educate and apply our knowledge to make things happen, We embrace new thinking and technology to create opportunities and add value for our stakeholders, We welcome change, deliver frequently, and operate our business urgently today with our eye on the future, We make choices that foster success, take risks that open new doors, and never settle for complacency, We recruit and retain talented individuals who share our passion for achievement. Irvine, CA 92606 According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. . Parthenon Capital, a private equity firm, has agreed to acquire Global Payments Inc.'s gaming division and transition into Pavilion Payments, a stand-alone independent company, according to a press release.. After closing on the transaction, Pavilion Payments will continue to offer Global Payments Gaming Solutions' full suite of payments solutions for the gaming industry, including VIP . Parthenon Capital, LLC operates as a private equity firm. Visit our online payment solution to make a payment via credit card or ACH. 3. The firm is understood to have been employee-owned prior to the Parthenon Capital buyout. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Tel: 973-243-5500 Supporting our clients to address, analyse, and prepare for the challenges facing today's leading institutions. Discover what makes RSM the first choice advisor to middle market leaders, globally. LOS ANGELES, Oct. 20, 2016 /PRNewswire/ -- Venbrook Group, LLC, one of the largest independent property/casualty brokerages in the U.S., today announced the completion of a . View All . Since partnering with Parthenon Capital, a leading growth-oriented private equity firm, in 2020, the company has experienced a year of rapid growth and completed multiple acquisitions. CHICAGO (January 4, 2022)RSM US LLP (RSM), the nations leading provider of audit, tax and consulting services focused on the middle market, and Parthenon Capital (Parthenon), a leading growth-oriented private equity firm, today announced they have entered into an agreement for Parthenon to acquire RSM US Wealth Management LLC and rename it Choreo, LLC, with Choreo as its new brand. Tel: 570.682.9429 Wed 22 Apr 2020 More Private Equity news Contract Performance Bonds. By designing innovative solutions and programs, specializing in your specific industry, we provide your business with an additional advantage. Tel: 847.598.3677 Venbrook is among the largest, private property/casualty brokerages in the U.S. Part of our strategy is to provide strength to our infrastructure and continue to broaden our solutions platform and range of product and service specialists for our clients. In addition to its Woodland Hills, Los Angeles headquarters, Venbrook has San Diego and Orange County offices in California, a Schaumburg, Illinois office, and offices in Pennsylvania, New Jersey and Washington. Who is Parthenon Capital Headquarters 399 Boylston St 13TH Fl, Boston, Massachusetts, 02116, United States Phone Number (617) 960-4000 Website www.parthenoncapital.com Revenue $16.8M Industry Venture Capital & Private Equity Finance Parthenon Capital's Social Media Is this data correct? For more information, visit rsmus.com, like us onFacebook, follow us onTwitterand/or connect with us onLinkedIn. As a national brand we focus on nimble and responsive client service. Search the Kapelle French Military Cemetery cemetery located in Zeeland, Netherlands. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. "Tom and his team at IIB have built an exceptional business by executing on simple fundamental principles: superb client value delivered through relationships built on trust. Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 Brian Golson is a Managing Partner and Co-CEO of Parthenon Capital and is a member of the firm's Investment Committee. We can help you prepare for any uncertainties, with liability, property, and worker related products, claims, recalls, raw material suppliers, and equipment purchases or breakdowns. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Parthenon Investors V beat its initial target of $850 million. Founded in 1998, Parthenon Capital Partners is a private equity investment firm based in Boston, Massachusetts. Let us develop a comprehensive insurance solution that fits your legal profession. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. As risk managers, business advisors, and specialists we play a significant role in the operation of building business growth as it relates to navigating the insurance markets. ", "We are excited to collaborate with Tom as we continue to invest in our growing stable of top-caliber professionals on the East Coast," saidJason Turner, Venbrook founder and CEO. We believe Choreo is uniquely positioned to provide holistic, planning-centric financial advice to clients across the country, and that Larry is the ideal executive to lead Choreos continued strategic growth.. RALEIGH, N.C., June 30, 2022 /PRNewswire/ -- Cherry Bekaert ("the Firm") is pleased to announce Parthenon Capital ("Parthenon"), a leading growth-oriented private equity firm, has made a strategic .

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