Tel: 818.598.8900 Although terms of the acquisition are not known, sources suggested the deal valued the Woodland Hills, California-based firm as high as $150mn and was based on a multiple of around 10x Ebitda. Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firm's Investment Committee. . 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 Fax: 818.598.8910, 11512 El Camino Real, Suite 120 United States, (818) 598-8900. www.venbrook.com. Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firms Boston office. Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Tel: 818.598.8900 Andrew earned his B.A. We take pride in our services and aim to add value by helping to improve transparency, trust and consistency of our business practices. Parthenon utilizes niche industry expertise and a deep execution team to. Woodland Hills, CA 91367 Venbrook . IIB is a perfect complement and accelerant to our growing suite of nationwide commercial real estate risk management services.". VIS is a best-of-breed P&C brokerage, it functions uniquely as an entrepreneurial business advisor and risk manager to protect, build business value, and protect personal wealth. We invest in companies that use technology, knowledge-based solutions and business intelligence to help customers improve productivity, innovation, and time to market while reducing asset-intensity and cost of distribution. Tel: 847.598.3677 Aug 21, 2016. 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. Glassdoor gives you an inside look at what it's like to work at Parthenon Capital Partners, including salaries, reviews, office photos, and more. 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. Subdivision Bonds andCommercial Bonds. Maven Capital Partners has sold its stake in Titan Wealth Holdings to US private equity house Parthenon Capital. We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. He is an active investor in business services, financial services, insurance, software, and technology. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. Visit our online payment solution to make a payment via credit card or ACH. Anthony also previously worked at BESCAP, a private equity firm focused on the financial services industry. Tel: 732.972.0600 DMA Investigations. View All . Chief Financial Officer Meyer holds over three decades of experience across both the carrier . 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. The acquisition comes amid a period of rapid expansion after Venbrook partnered with private equity firm Parthenon Capital last year. Past performance is not indicative of future performance. We are committed to maintaining a safe and healthy workplace for our employees and our clients. Private equity house Parthenon Capital has bought a controlling stake in US insurance brokerage Venbrook. Your environmental and alternative resource challenges are complex. Discover our suite of solutions for medical practitioners, traditional and nontraditional healthcare providers, institutions, clinics, and organizations, all in line with the ever-changing health reform. Manalapan, NJ 07726 Visit ePay for easy online payments. Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 Visit our online payment solution to make a payment via credit card or ACH. for media use only. Were impressed with RSM US Wealth Management LLCs success in the industry as reflected in its most recent placement amongBarrons 2021 Top 100 RIA Firms. Chief Information Officer Tel: 818.598.8900 Tel: 847.598.3677 We believe our specialization and focus allows us to better understand key issues, risks and opportunities and provide relevant resources and insights. "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. West Orange, NJ 07052 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. Parthenon seeks to be an active and aligned partner to management, either through . IIB was advised on the transaction by Jordan Geotas of Ardent Advisory Group, LLC. We provide specialized Surety expertise for License and Permit Bonds,Probate and Court Bonds. Parthenon Capital-backed insurance distribution company Venbrook Group has appointed Bryan Meyer as executive vice president, programs for its subsidiary Venbrook Specialty Services. List of Parthenon Capital Partners 's 8 Acquisitions, including Kroll Bond Rating Agency and Venbrook Insurance Services. Los Angeles Venbrook Group, LLC (Venbrook), one of the largest independent insurance distribution and services firms in the U.S., announced today the acquisitions of RD Parisi Associates, Inc. (RD Parisi) and David Morse and Associates (DMA). Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrooks evolution, said Jason Turner, Venbrook President and CEO. Disclaimer:The awards and recognitions mentioned throughout should not be construed as a testimonial or endorsement regarding our employees or advisory services. With the addition of RD Parisi, DMA, and earlier investments in Megan Insurance and ComStar Insurance Solutions, Venbrook has continued to accelerate its growth over the last year and now employs over 600 associates under the Venbrook brand. Whether you are a property manager, real estate agent/broker, lawyer, architect/engineer, or consultant, discover how we can tailor a solution for you. Announced Date Apr 23, 2020 Acquisition Type Leveraged Buyout Acquisition Status Complete Disposition of Acquired Organization Separate Entity Recent News News Apr 23, 2020 He is active in sourcing, evaluating and executing new investment opportunities as well as working with existing portfolio companies on various strategic initiatives. Parthenon Capital provides capital and strategic resources to growth companies in our three core sectors: financial services, healthcare services and business services. Larry Miles, a 20-year wealth management veteran, will become Chief Executive Officer of Choreo. includes any. Tel: 818.598.8900 Their most recent diversity investment was on Oct 16, 2019, when DaySmart Software raised Parthenon Capital Partners has had 18 exits. Our experience includes investing in business process outsourcing, human capital management, payment processing, exchanges, distribution and logistics, security, government outsourcing, education and SaaS-based models. We appreciate the trust you place in us. Their most recent investment was on Jun 30, 2022, when Cherry Bekaert raised Parthenon Capital Partners has made 3 diversity investments. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Discover what makes RSM the first choice advisor to middle market leaders, globally. Parthenon seeks to be an active and aligned partner to management, either through . Well continue delivering the same level of personalized customer service our clients have always valued and now with more capability and resources. 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. 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. Acquirer Name . Parthenon Capital Partners (Parthenon) is a private equity firmthat partners with and invests in management teams and their companies. Our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Irvine, CA 92606 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. Ours is a history of evolution decades in the making. According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. Venbrook's latest partnership comes amidst a year of rapid expansion since partnering in 2020 with Parthenon Capital, a leading growth-oriented private equity firm. Headquarters Location One Federal Street, 21st Floor Boston, Massachusetts, 02110, United States Parthenon Capital is acquiring the gaming division of Global Payments.. . Andrew was also a financial analyst for Enron Corporation in the companys retail group. Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. We are pleased to continue to support that plan with these acquisitions and remain extremely optimistic about Venbrooks growth trajectory.. Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firms Investment Committee. San Diego, CA 92130 Parthenon Capital ("Parthenon") is a private equity firm that partners with and invests in management teams and their companies. Fax: 847.598.3678, 927 West Main Street Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Tel: 818.598.8937. Find related and similar companies as well as employees by title and much more. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Our mission is to be the most creative, entrepreneurial and trusted full-service insurance firm Retail, Wholesale & Direct providing consistent value to our clients, employees, stakeholders and the communities in which we live and work. The group also has a private client services division targeting high net worth individuals and a claims management unit. Do Not Sell or Share My Personal Information (California). 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 . The private equity firm said in a Monday (Feb. 13) press release that it has entered into a definitive agreement to acquire . Fax: 818.598.8910, 1320 Tower Road, Suite 149 RSM and Parthenon are dedicated to ensuring a smooth transition for RSMs wealth management people and clients. In these changing times, we have remained decidedly old school, with service at a customers fingertips and always with a human touch. Parthenon Capital is a leading growth-oriented mid-market private equity firm with offices in Boston, San Francisco and Austin. 6320 Canoga Avenue Suite 1200, Woodland Hills, California 91367. Directors & Officers/Management Liability, Professional Liability / Errors & Omissions. RSM US Wealth Management LLC did not pay to be considered for this award. Prior to joining Parthenon, Anthony was an investment professional at Oak Hill Capital Partners, where he worked in the business & financial services industry group. Schaumburg, IL 60173 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. 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. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. If you are a subscriber, please sign back in to read this article Venbrook caters to a national client base across myriad industries with divergent needs. 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. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in todays ever-changing business landscape. Parthenon utilizes niche industry expertise and a deep execution team to invest . Venbrook is headquartered in Los Angeles with various locations across the country. Andreia DeVries,National Public Relations Manager,andreia.devries@rsmus.com,954.449.8096 Description. Our company markets our products through independent local, regional, and national agents and brokers, as well as through our strategic partnerships, alliances, and relationships with trade groups and associations. Private equity house Parthenon Capital has bought a controlling stake in US insurance brokerage Venbrook. Based in New Jersey, RD Parisi offers a complete range of employee benefits products with a team of experts well-versed in the latest on healthcare reform changes, requirements, and compliance issues. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. 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. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. Clean Cash Flow: How you can take advantage of financial and tax incentives to generate new revenue from your commercial real estate. Parthenon Capital is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. 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