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. origin : the genesis of our brokerage business and the evolutions of its leadership. RSM US Wealth Management LLC is a limited liability company that provides investment advisory services, financial planning, and other wealth management services to individuals and businesses. Tel: 818.598.8900 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. RD Parisi offers a complete range of employee benefits. 6320 Canoga Avenue, 12th Floor Valley View, PA 17983 Venbrook caters to a national client base across myriad industries with divergent needs. Since joining Parthenon, Andrew has been actively involved with the firms investments in Allworth Financial, AmWINS Group, ASG, Bryant & Stratton, Cherry Bekaert, Choreo, Coastal Credit, EdgeCo Holdings, Envysion, H.D. Latest Venbrook. At Trilogy, Andrew focused primarily in business development, establishing partnerships to spur growth for one of Trilogys subsidiaries. minimum capital and contributed surplus required of an insurance RD Parisi complements Venbrooks already robust employee benefits division and expands Venbrooks presence on the East Coast. Announced Date Apr 23, 2020 Acquisition Type Leveraged Buyout Acquisition Status Complete Disposition of Acquired Organization Separate Entity Recent News News Apr 23, 2020 Chief Human Resources Officer Scoop: PE-backed Zelis buys Spectrum's Payer Compass. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. As a national brand we focus on nimble and responsive client service. 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 Los Angeles-based Venbrook Group LLC said Wednesday it has acquired InterContinental Insurance Brokers LLC, a Boston-based property/casualty brokerage. Parthenon Capital provides capital and strategic resources to growth companies in our three core sectors: financial services, healthcare services and business services. Explore our latest programs to insure your services, supply chain, warehouses, shipping structures, self-storage facilities, distribution centers, inventory, business continuity, and more. Tel: 847.598.3677 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. Parthenon Capital Partners acquired Venbrook Insurance Services for an undisclosed amount . Tel: 570.682.9429 We are committed to maintaining a safe and healthy workplace for our employees and our clients. Venbrook Financial Services www.venbrook.com A leading, national insurance distribution platform offering retail broking, wholesale broking, programs, and claims servicing. Since partnering with Parthenon Capital, a leading growth-oriented private equity firm in 2020, the company . Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. Wed 22 Apr 2020 More Private Equity news The acquisition comes amid a period of rapid expansion after Venbrook partnered with private equity firm Parthenon Capital last year. At the time it said it was targeting what it saw as opportunities for further consolidation in the wholesale space, and to build out its MGA platform. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Assurance Capital Group. A Venbrook representative confirmed that the deal with the former AmWins owner had taken place but disclosed no further details. Benefits America Insurance Services, LLC. According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. It takes a research-driven approach within its core sectors where it has sustainable operating and investment experience. Supporting our clients to address, analyse, and prepare for the challenges facing today's leading institutions. 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. Let us develop a comprehensive insurance solution that fits your legal profession. Parthenon Capital Partners, FTV Capital and Great Hill Partners are among firms that carved out a niche investing in payments companies years ago, but they're not so alone anymore. Bienvenido a EY.com . Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. 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 utilizes niche industry expertise and a deep execution team to. 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. Contract Performance Bonds. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. He is located in Austin and is Head of the Austin office. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. Their most recent diversity investment was on Oct 16, 2019, when DaySmart Software raised Parthenon Capital Partners has had 18 exits. In Venbrook'sfirst 10 years, we grew threefold, while providing a full range of services to organizations both large and small. We have long admired both companies, their business acumen and culture. San Diego, CA 92130 Parthenon Capital is acquiring the gaming division of Global Payments.. 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. 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. 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. Manalapan, NJ 07726 "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. While at Bain, he focused on mergers and acquisitions, cost control, and corporate strategy for middle market technology companies. DMA Investigations. We look forward to building upon this foundation, said Andrew Dodson, managing partner at Parthenon Capital. About EY-Parthenon | EY - Global About us Close search Trending Why Chief Marketing Officers should be central to every transformation 31 Jan 2023 Consulting The CEO Imperative: How will CEOs respond to a new recession reality? Venbrook Insurance Holdings, LLC ("Venbrook") is a limited liability company organized under the laws of the State of Delaware with its principal place of business in Woodland Hills, California. 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. All content is posted anonymously by employees working at Parthenon Capital Partners. origin : the genesis of our brokerage business and the evolutions of its leadership. Venbrook . 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. Andrew is located in San Francisco and is Head of the San Francisco office. 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. 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. Office Locations: Los Angeles, CA; Irvine, CA; San Diego, CA; Chicago, IL; Detroit, MI; Philadelphia, PA; New Jersey; New York. All rights reserved. "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. in Economics, with Honors, from Swarthmore College. Parthenon Capital, LLC operates as a private equity firm. 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. 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. Irvine, CA 92606 Orlando brings 25 years of experience to the role. 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. United States, (818) 598-8900. www.venbrook.com. 11 Jan 2023 CEO agenda Six ways asset managers can prepare for an uncertain future 2 Feb 2023 Wealth and asset management Successful companies in financial services must utilize technology and focus to manage an ever-changing regulatory and competitive landscape. Chief Financial Officer Discover more acquisitions . Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Tel: 818.598.8937. 28 Ocak 2022 tarafndan Gareth Fraser 3 dakikalk okuma. 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. Fax: 847.598.3678, 927 West Main Street IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. The group also has a private client services division targeting high net worth individuals and a claims management unit. Tel: 847.598.3677 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. IIB was advised on the transaction by Jordan Geotas of Ardent Advisory Group, LLC. 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. Anthony also previously worked at BESCAP, a private equity firm focused on the financial services industry. Their unparalleled expertise and world-class talent are a great addition to our company. Registration as an investment adviser does not imply any skillset of the wealth manager and/or its advisors. 6320 Canoga Avenue, 12th Floor 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. 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. Vest, ICD, loanDepot, Millennium Trust, Relation, ScentAir, Seaside National Bank & Trust, Venbrook and Wildlands. Tel: 973-243-5500 From freight forwarders, cargo liability coverage, contingent cargo, warehouse legal liability, business interruption, and more. Directors & Officers/Management Liability, Professional Liability / Errors & Omissions. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Alpharetta Underwriters. Venbrook and Parthenon could not be reached for comment on this article. We take a research-driven approach within our core sectors where we have sustainable operating and investment experience. 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. We listen, learn, educate and apply our knowledge to work for you. View All . We work collaboratively with management teams to create value by building market leaders and accelerating earnings growth through both acquisitive and organic strategies. Fax: 973-243-5550, Camas, WA 98607 Profile. It was built in the mid-5th century bce and dedicated to the Greek goddess Athena Parthenos ("Athena the Virgin"). Well continue delivering the same level of personalized customer service our clients have always valued and now with more capability and resources. Mar 02, 2014. Visit ePay for easy online payments. Our reputation within the insurance carrier community, precedes us. List of Parthenon Capital Partners 's 8 Acquisitions, including Kroll Bond Rating Agency and Venbrook Insurance Services. 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 Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Tel: 732.972.0600 Woodland Hills, CA 91367 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. 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 . We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. Valley View, PA 17983 Anthony J. Orazio Partner Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firm's Boston office. Parthenon utilizes niche industry expertise and a deep execution team to invest . 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. Fax: 818.598.8910, 1320 Tower Road, Suite 149 Irvine, CA 92606 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. 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 . Schaumburg, IL 60173 Fax: 570.682.9251, 70 Bridge Plaza Drive Venbrook has a stellar team starting with Jason., Venbrook has an outstanding industry reputation and leadership team. Parthenon seeks to be an active and aligned partner to management, either through . 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. Were incredibly proud of our wealth management team and their accomplishments over the past two decades, said Joe Adams, managing partner & CEO at RSM. Prior to joining Parthenon, Andrew was a Consultant with Bain & Co. Tel: 973-243-5500 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. View contact profiles from Parthenon Capital Popular Searches Tel: 800.449.9555 Its main operating subsidiary is Venbrook Insurance Services. Private equity firm Parthenon Capital . Deep expertise is needed to navigate the ever changing healthcare landscape. ", "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. 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