6320 Canoga Avenue, 12th Floor Private equity firm Parthenon Capital . AboutParthenon Capital Tel: 732.972.0600 Office Locations: Los Angeles, CA; Irvine, CA; San Diego, CA; Chicago, IL; Detroit, MI; Philadelphia, PA; New Jersey; New York. BirchSokak Sistemleri > Basn yaynlar > BirchStreet Systems, Parthenon Capital'den Yatrm Duyurdu. Venbrook is headquartered in Los Angeles with various locations across the country. Announced Date Apr 23, 2020 Acquisition Type Leveraged Buyout Acquisition Status Complete Disposition of Acquired Organization Separate Entity Recent News News Apr 23, 2020 Venbrook targets wholesale expansion after fundraise. Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Its main operating subsidiary is Venbrook Insurance Services. Venbrook Group, a large independent insurance distribution and services firm in the US, has announced the appointment of Bryan Meyer as Executive Vice President, Programs for Venbrook Specialty Services, LLC, a wholly-owned subsidiary. Irvine, CA 92606 Schaumburg, IL 60173 Their most recent investment was on Jun 30, 2022, when Cherry Bekaert raised Parthenon Capital Partners has made 3 diversity investments. We embrace new thinking and technology to create opportunities that add value for our stakeholders. Fax: 818.598.8910, 1320 Tower Road, Suite 149 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. Parthenon Capital has made a number of investments in the sector and formerly held stakes in wholesale giant AmWINS and expansive retail broker Relation. 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. Directors & Officers/Management Liability, Professional Liability / Errors & Omissions. Description. Meanwhile, Wayne Swanson and his experienced underwriting team at ComStar further enhanced Venbrooks already deep expertise in providing bespoke specialty programs to the commercial real estate industry. We look forward to building upon this foundation, said Andrew Dodson, managing partner at Parthenon Capital. Maven Capital Partners has sold its stake in Titan Wealth Holdings to US private equity house Parthenon Capital. 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. Tel: 800.449.9555 phi beta kappa, magna cum laude from Duke University and his M.B.A with High Distinction as a Baker Scholar from Harvard Business School. We are committed to maintaining a safe and healthy workplace for our employees and our clients. Wed 22 Apr 2020 More Private Equity news For more information, please visitwww.venbrook.com. Cardiganmanagement.com. Partnering with Venbrook will allow us to continue to deliver the same level of service our clients have come to expect. No executive was compensated directly for their testimonial. We take pride in our services and aim to add value by helping to improve transparency, trust and consistency of our business practices. 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. Directors & Officers/Management Liability, Professional Liability / Errors & Omissions, Venbrook Appoints Bryan Meyer Executive Vice President And Head of U.S. Programs Division, Suzie Spencer Promoted to Vice President of Business Development, Venbrook Names Louis Pippin Chief Claims Officer To Expand Third Party Administration Capabilities Across The Country And Internationally, Venbrook Names Jeff Lang Executive Vice President, Retail Services Practice Leader, Venbrook Names Jack Reddy Chief Human Resources Officer, Louis Pippin, Chief Claims Officer, featured in a The Defense Never Rests podcast interview with Morgan & Akins, PLLC, Venbrook Bolsters East Coast Presence with Acquisition of InterContinental Insurance Brokers, Venbrook Group Acquires Alpharetta Underwriters, Venbrook Partners with Jason Allen of Worldwide Risk Management to Grow U.S. Government Contractor Insurance Practice, Venbrook Acquires RD Parisi and David Morse and Associates to Bolster Employee Benefits and Claims Services, CONSTRUCTION COSTS AND INSURABLE VALUES: ENSURING COVERAGE ADEQUACY WHILE CONTROLLING PREMIUM COST IMPACT, Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program, East Coast Meets West Coast as Brooks Insurance Agency Announces Expansion, Venbrook Insurance Services Announces Promotion of Tim Johnston to Managing Director of Construction Division, Brooks Insurance Agency Partners with The Hartford on Third-Party Logistics Warehouse Practice, Westlake Risk & Insurance Services Partners with Benefits America, Venbrook Group, LLC Secures $42M from Madison Capital Funding, Eric Doll Joins Venbrook Insurance Services as Senior Vice President. 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. Adems de las cookies que son estrictamente necesarias para operar este sitio web, utilizamos los siguientes tipos de cookies para mejorar su experiencia y nuestros servicios: Cookies funcionales para mejorar su experiencia (por ejemplo, recordar la configuracin), Cookies de rendimiento para medir el rendimiento del sitio web y mejorar su experiencia, Cookies de . 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 . West Orange, NJ 07052 Profile. Jason D. Turner is the Founder, President, and Chief Executive Officer of Venbrook Group, LLC. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. V-Ventures offers highly affordable turnkey insurance products leveraging technology and a deep understanding of vertical markets. The fund, if it hits target, would be larger than Parthenon's prior fund, which closed on its hard cap of $1 billion in 2016. Parthenon Investors V beat its initial target of $850 million. We will guide you and your business, towards better results. RD Parisi complements Venbrooks already robust employee benefits division and expands Venbrooks presence on the East Coast. We also have programs for dealerships, insurers, manufacturers and more. Mar 02, 2014. Disclaimer:The awards and recognitions mentioned throughout should not be construed as a testimonial or endorsement regarding our employees or advisory services. Scoop: PE-backed Zelis buys Spectrum's Payer Compass. Tel: 818.598.8900 We work collaboratively with management teams to create value by building market leaders and accelerating earnings growth through both acquisitive and organic strategies. "Parthenon Capital is a leading, growth-oriented mid-market private equity firm with offices in Boston, San Francisco, and Austin. San Diego, CA 92130 RSM US LLP is the U.S. member of RSM International, a global network of independent assurance, tax and consulting firms with 57,000 people in 120 countries. He is located in Austin and is Head of the Austin office. Schaumburg, IL 60173 In these changing times, we have remained decidedly old school, with service at a customers fingertips and always with a human touch. 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. 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. Your environmental and alternative resource challenges are complex. As a national brand we focus on nimble and responsive client service. A Venbrook representative confirmed that the deal with the former AmWins owner had taken place but disclosed no further details. IIB is a perfect complement and accelerant to our growing suite of nationwide commercial real estate risk management services.". Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firms Investment Committee. San Diego, CA 92130 6320 Canoga Avenue, 12th Floor Given the complexity and inefficiency of the US healthcare system, innovative companies can have a huge impact on cost, quality and patient experience. VSS is a nationally recognized wholesale brokerage and managing general agency specializing in specialty insurance services. Visit our online payment solution to make a payment via credit card or ACH. 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. Let us help increase your profitability with solutions that cater to your processing, distribution, manufacturing, economic and environmental needs. All content is posted anonymously by employees working at Parthenon Capital Partners. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. Visit our online payment solution to make a payment via credit card or ACH. 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. This is the Parthenon Capital Partners company profile. Venbrook's team of experts and industry specialists' partner with their clients to manage their risks, create security, promote growth and add value by delivering best-in-class insurance products and programs. Parthenon seeks to be an active and aligned partner to management, either through . 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.. Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 Registration as an investment adviser does not imply any skillset of the wealth manager and/or its advisors. Los Angeles-based Venbrook Group LLC said Wednesday it has acquired InterContinental Insurance Brokers LLC, a Boston-based property/casualty brokerage. 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. According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. 30, 2022, 10:30 AM. 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. Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. The temple is generally considered to be the culmination of the development of the Doric order, the simplest of the three Classical Greek architectural orders. Venbrooks solutions and the specialized programs we develop, provide risk-management ideas that empower institutions to minimize uncertainty, protect their assets, and optimize profitability. It was built in the mid-5th century bce and dedicated to the Greek goddess Athena Parthenos ("Athena the Virgin"). Fax: 847.598.3678, 927 West Main Street 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 Parthenon intends to grow the business organically and through acquisitions while making investments that maintain and enhance the client experience. We are committed to maintaining a safe and healthy workplace for our employees and our clients. . Meyer holds over three decades of experience across both the carrier . Use this form to send an email directly to a Parthenon team member. Oct 20, 2016, 10:00 ET. Contract Performance Bonds. PE firm Parthenon buys into Venbrook at around 10x Ebitda Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Venbrook is headquartered inLos Angeleswith various locations across the country. Prior to joining Parthenon, Andrew was a Consultant with Bain & Co. Media and Press Release Inquiries: Erika Magana Vice-President, Marketing and Communications 818-598-8900 Follow our community: LinkedIn - www.linkedin.com/company/venbrook Facebook - www.facebook.com/venbrook All rights reserved. "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. Fax: 847.598.3678, 927 West Main Street Tel: 818.598.8937. Field Value; Last updated: February 22, 2023: Created: February 22, 2023: Format: PDF: : Other (Public Domain) created: 7 days ago: format: PDF: has views . The private equity firm said in a Monday (Feb. 13) press release that it has entered into a definitive agreement to acquire . Parthenon utilizes niche industry expertise and a deep. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. 2023 Venbrook Group Holdings, LLC. Parthenon Capital provides capital and strategic resources to growth companies in our three core sectors: financial services, healthcare services and business services. Anthony earned his B.A. Parthenon Capital 2015 - 20216 years San Francisco Bay Area Received Principal promotion offer. 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? List of Parthenon Capital Partners 's 8 Acquisitions, including Kroll Bond Rating Agency and Venbrook Insurance Services. DMA Investigations. . Venbrook and Parthenon could not be reached for comment on this article. 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. Visit us online at www.venbrook.com/insightsfor regular updates. Buyout - Technology & Financial Services - CardWorks (Specialty Finance - Active) - eTix (Event Ticketing SaaS - Active) - Venbrook. ", "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. Guidance based on real world experience, from air cargo, airborne ambulances, flight departments, to private jets and more. Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. Parthenon Capital is acquiring the gaming division of Global Payments.. Our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. For more information, please visit www.venbrook.com. 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. Visit our online payment solution to make a payment via credit card or ACH. We take a research-driven approach within our core sectors where we have sustainable operating and investment experience. RALEIGH, N.C., June 30, 2022 /PRNewswire/ -- Cherry Bekaert ("the Firm") is pleased to announce Parthenon Capital ("Parthenon"), a leading growth-oriented private equity . Parthenon Capital Partners (Parthenon) is a private equity firmthat partners with and invests in management teams and their companies. 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 . Furthermore, clients can continue to receive tax and other services from RSM US LLP. We appreciate the trust you place in us. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Andrew earned his B.A. Woodland Hills, CA 91367 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. Assurance Capital Group. Venbrook has a stellar team starting with Jason., Venbrook has an outstanding industry reputation and leadership team. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Fax: 570.682.9251, 70 Bridge Plaza Drive IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. . Parthenon Capital Partners Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. Tel: 818.598.8937. Tel: 570.682.9429 My team and I will continue to provide the same customer-centric service they have come to know and trust from IIB over the last three decades. Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firms Boston office. Glassdoor gives you an inside look at what it's like to work at Parthenon Capital Partners, including salaries, reviews, office photos, and more. We look forward to building upon the culture that has contributed to a strong wealth management team, and were excited to drive growth that will create new opportunities for our professionals and unlock added value for clients. 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. 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. Do Not Sell or Share My Personal Information (California). 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