Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firms Investment Committee. From our founding, our team of professionals have been dedicated to client service and the protection of our clients to deliver returns. V-Ventures offers highly affordable turnkey insurance products leveraging technology and a deep understanding of vertical markets. Manalapan, NJ 07726 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. 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.. 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 utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Venbrook . 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. 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? For more information, visitwww.parthenoncapital.com. 6320 Canoga Avenue, 12th Floor Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. 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). A Venbrook representative confirmed that the deal with the former AmWins owner had taken place but disclosed no further details. Chief Financial Officer We appreciate the trust you place in us. Search Crunchbase. Woodland Hills, CA 91367 Fax: 818.598.8910, 11512 El Camino Real, Suite 120 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. 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. Schaumburg, IL 60173 We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Alpharetta Underwriters. According to the firms website, other key management executives include CFO Gig Palmer, who joined Venbrook from investment bank and advisory firm Raymond James & Associates in 2016, co-president Greg Econn, who is also managing director of Venbrook Insurance Services, and David Rosen, managing director of the Brooks Insurance Agency. All rights reserved. for media use only. We take a research-driven approach within our core sectors where we have sustainable operating and investment experience. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Were incredibly proud of our wealth management team and their accomplishments over the past two decades, said Joe Adams, managing partner & CEO at RSM. Chief Information Officer IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. By designing innovative solutions and programs, specializing in your specific industry, we provide your business with an additional advantage. 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 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. 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. IIB was advised on the transaction by Jordan Geotas of Ardent Advisory Group, LLC. West Orange, NJ 07052 Visit our online payment solution to make a payment via credit card or ACH. Tel: 973-243-5500 Fax: 973-243-5550, Camas, WA 98607 Jun. 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. 3. This is the Parthenon Capital Partners company profile. 2023 Venbrook Group Holdings, LLC. Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrooks evolution, said Jason Turner, Venbrook President and CEO. Fax: 570.682.9251, 70 Bridge Plaza Drive View contact profiles from Parthenon Capital Popular Searches Their most recent investment was on Jun 30, 2022, when Cherry Bekaert raised Parthenon Capital Partners has made 3 diversity investments. Led by recognized industry leaders, we understand the concerns of trucking companies (including bulk and hazardous), long-haul, remediation, environmental, energy and waste. Tel: 818.598.8937. 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. In Venbrook'sfirst 10 years, we grew threefold, while providing a full range of services to organizations both large and small. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. 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 From modest origins as the sole proprietor of a retail brokerage, Jason has led Venbrook through a series of successful transitions and acquisitions. Parthenon utilizes niche industry expertise and a deep execution team to. Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. Maven Capital Partners has sold its stake in Titan Wealth Holdings to US private equity house Parthenon Capital. Prior to joining Parthenon, Andrew was a Consultant with Bain & Co. Sourced and performed diligence on growth and platform investments in middle market software and. Meyer holds over three decades of experience across both the carrier . PE firm Parthenon buys into Venbrook at around 10x Ebitda. United States, (818) 598-8900. www.venbrook.com. Since partnering with Parthenon Capital, a leading growth-oriented private equity firm in 2020, the company . Tel: 818.598.8937. 2023 Venbrook Group Holdings, LLC. 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. Orlando brings 25 years of experience to the role. Tel: 732.972.0600 For more information about the Barrons 2021 Top 100 RIA Firms List, please visit Barronswebsite. 30, 2022, 10:30 AM. We take pride in our services and aim to add value by helping to improve transparency, trust and consistency of our business practices. Venbrook Insurance Services LLC. 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 . These individuals may also be offered opportunities to invest on a carry-free and management fee-free basis in certain of our friends funds, which typically incur lower expenses relative to Parthenons main funds. 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. Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. 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For more information, contact Kimberly Bartok at 212.372.1239 orkim.bartok@rsmus.com. 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. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. 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. At Trilogy, Andrew focused primarily in business development, establishing partnerships to spur growth for one of Trilogys subsidiaries. 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. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. 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. While at Bain, he focused on mergers and acquisitions, cost control, and corporate strategy for middle market technology companies. includes any. We can identify potential exposures in both the tech and IT world, including cybercrime, communications, the cloud, and specialty coverages. Acquirer Name . Its main operating subsidiary is Venbrook Insurance Services. Parthenon is currently investing out of Parthenon Fund VI, a $2.3 billion fund. 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. Venbrook Group, LLC acquired RD Parisi Associates, Inc. and David Morse and Associates. The Company invests in business services, financial, healthcare, distribution, and technology companies. RD Parisi offers a complete range of employee benefits. In this role, he structured multiyear swaps with companies in multiple industries to hedge their energy exposure. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. 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 Investors V beat its initial target of $850 million. Office Locations: Los Angeles, CA; Irvine, CA; San Diego, CA; Chicago, IL; Detroit, MI; Philadelphia, PA; New Jersey; New York. 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. 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. 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. Find related and similar companies as well as employees by title and much more. We listen, learn, educate and apply our knowledge to work for you. Parthenon Capital Partners Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. 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. 6320 Canoga Avenue Suite 1200, Woodland Hills, California 91367. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. 11 Jan 2023 CEO agenda Six ways asset managers can prepare for an uncertain future 2 Feb 2023 Wealth and asset management West Orange, NJ 07052 We will guide you and your business, towards better results. Anthony also previously worked at BESCAP, a private equity firm focused on the financial services industry. Manalapan, NJ 07726 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. 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. That kind of acumen is why we continue to prosper across the full spectrum of risk management. For more information, visit rsmus.com, like us onFacebook, follow us onTwitterand/or connect with us onLinkedIn. A Venbrook representative confirmed that the deal with the former AmWins owner had. Anthony earned his B.A. Benefits America Insurance Services, LLC. Parthenon Capital ("Parthenon") is a private equity firm that partners with and invests in management teams and their companies. Fax: 818.598.8910, 1320 Tower Road, Suite 149 He is responsible for corporate leadership of the risk management, insurance and reinsurance brokingfirms, as well as developing and implementing core strategy, building infrastructure, and establishing the Venbrook vision and values systems. Clean Cash Flow: How you can take advantage of financial and tax incentives to generate new revenue from your commercial real estate. IIB further builds on Venbrook's nationwide geographic presence with a seasoned team of risk management professionals based in New England. A wave of private equity, venture capital and hedge funds have targeted the payments sector in the past couple years and the surge in money directed at startup . It was built in the mid-5th century bce and dedicated to the Greek goddess Athena Parthenos ("Athena the Virgin"). 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. RSM US Wealth Management LLC is an SEC-registered investment adviser. If you are a subscriber, please sign back in to read this article Valley View, PA 17983 Tel: 570.682.9429 Kimberly Bartok, NationalPublic Relations Leader,kim.bartok@rsmus.com,212.372.1239 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 . Venbrooks solutions and the specialized programs we develop, provide risk-management ideas that empower institutions to minimize uncertainty, protect their assets, and optimize profitability. . Managing all aspects of construction-related issues from planning for business continuity, to supply chain, and physical and operational risk. 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