As a national brand we focus on nimble and responsive client service. Tel: 847.598.3677 The testimonials appearing on this site reflect the business experiences of former portfolio company executives, and do not reflect the investment advisory experience of any client or investor in any Parthenon fund. RD Parisi offers a complete range of employee benefits. DMA was advised on the transaction by Waller Helms Advisors. Andrew is located in San Francisco and is Head of the San Francisco office. We will guide you and your business, towards better results. Discover what makes RSM the first choice advisor to middle market leaders, globally. Venbrook Group, LLC is an enterprise that owns and operates a portfolio of privately held insurance organizations that are engaged in business within the major platforms of the insurance marketplace including retail brokerage, wholesale & general agency, underwriting, reinsurance and claims management. 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. We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. Fax: 847.598.3678, 927 West Main Street The acquisitions mark the latest chapter in Venbrook's growth since it partnered with private equity firm Parthenon Capital last year. 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. RALEIGH, N.C., June 30, 2022 /PRNewswire/ -- Cherry Bekaert ("the Firm") is pleased to announce Parthenon Capital ("Parthenon"), a leading growth-oriented private equity . 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. Venbrook has a stellar team starting with Jason., Venbrook has an outstanding industry reputation and leadership team. 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. All rights reserved. Segments we invest in include HCIT, revenue cycle management, practice management and technology, data capture and analytics, payor outsourcing and technology, patient and member engagement, pharmacy services and technology, supply chain, tech-enabled outsourcing, coordination of care, benefits administration and health insurance, and select provider areas. The technology landscape is ever-changing. LinkedIn. 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. Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. Earlier this month Venbrook added to its management team with the appointment of Sonia Ahuja as COO from Farmers Financial Solutions. Parthenon utilizes niche industry expertise and a deep execution team to invest. Terms of the transaction were not disclosed. Coverage includes Business Owner Policy that includes Business Liability, Business Property, Business Income, Errors and Omissions, General Liability, Employed Lawyer Liability and more. Tel: 570.682.9429 We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. Find the right options for logistic providers. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. 6320 Canoga Avenue, 12th Floor United States, (818) 598-8900. www.venbrook.com. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. 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. We provide specialized Surety expertise for License and Permit Bonds,Probate and Court Bonds. RSM US Wealth Management LLC is an SEC-registered investment adviser. 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. Your environmental and alternative resource challenges are complex. Visit ePay for easy online payments. In this role, he structured multiyear swaps with companies in multiple industries to hedge their energy exposure. Their most recent diversity investment was on Oct 16, 2019, when DaySmart Software raised Parthenon Capital Partners has had 18 exits. Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firms Boston office. Supporting our clients to address, analyse, and prepare for the challenges facing today's leading institutions. 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. includes any. About Venbrook Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. The deal, subject to regulatory approval, will see Parthenon Capital invest in . 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 . 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. Mar 02, 2014. 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. From residential life to campus security, to operations and intellectual property, we make sure you are fully prepared. Parthenon, temple that dominates the hill of the Acropolis at Athens. Venbrook Group, LLC acquired RD Parisi Associates, Inc. and David Morse and Associates. Wed 22 Apr 2020 More Private Equity news 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. With Parthenon's ongoing support through financial growth capital and strategic expertise, we continue to see a very bright future of growth." "We couldn't be happier to join the Venbrook fold . 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 . We embrace new thinking and technology to create opportunities that add value for our stakeholders. Parthenon utilizes niche industry expertise and a deep execution team to. 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. Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 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. Jun. Inside P&C is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Book a call with a member of the team to discuss your subscription options, InsurTech Vesttoo lures Howden Tigers Cheney, Need to Know: Tesla Insurance, Ryan E&O claim, Fidelis pre-IPO filing, Inver Re appoints MS Amlins Thomas as global head of property reinsurance, Amwins hires former Howden director Herrera as SVP, Ryan Specialty records $117mn consideration in Griffin Underwriting deal, Gain your competitive advantage with Inside P&C. Jason D. Turner is the Founder, President, and Chief Executive Officer of Venbrook Group, LLC. Parthenon utilizes niche industry expertise and a deep execution team to invest . Their most recent investment was on Jun 30, 2022, when Cherry Bekaert raised Parthenon Capital Partners has made 3 diversity investments. Anthony serves or has served on the Board of Directors of Allworth Financial, Cherry Bekaert, Choreo, EdgeCo Holdings, Libra Solutions, Millennium Trust Company, MRO, and Venbrook Group. Tel: 732.972.0600 Parthenon seeks to be an active and aligned partner to management, either through . RD Parisi was advised on the transaction by Kenneth Helfer, President and Managing Partner of Helfer & Associates LLC. Parthenon Capital is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. We are pleased to continue to support that plan with these acquisitions and remain extremely optimistic about Venbrooks growth trajectory.. Explore The Venbrook Story The deal values KBRA . Oct 11, 2016. 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 Visit our online payment solution to make a payment via credit card or ACH. Parthenon seeks to be an active and aligned partner to management, either through . 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. 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. We also have programs for dealerships, insurers, manufacturers and more. 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. 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. Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Woodland Hills, CA 91367 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. Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Insurance Insider is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Book a call with a member of the team to discuss your subscription options, InsurTech Vesttoo lures Howden Tigers Cheney, Inver Re appoints MS Amlins Thomas as global head of property reinsurance, Chubb Tempest Re promotes Ashley to lead international P&C reinsurance, Pen Underwriting promotes Breslin to MD of specialty division, Beazley shares down 7% as profit for 2022 drops by 48% to $191mn, Scor global P&C Q4 profit down 20.3% to EUR149mn as investment income drops, Renewables conditions diverge between onshore and offshore through 2023, Discover things you shouldn't even know yet. 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 private equity firm said in a Monday (Feb. 13) press release that it has entered into a definitive agreement to acquire . 6320 Canoga Avenue, 12th Floor 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. Tel: 847.598.3677 Add Acquisitions filter . Prior to Oak Hill, he worked in the investment banking group at Blackstone (nka PJT Partners) where he focused on the financial services industry. origin : the genesis of our brokerage business and the evolutions of its leadership. He is active in sourcing, evaluating and executing new investment opportunities as well as working with existing portfolio companies on various strategic initiatives. We take a research-driven approach within our core sectors where we have sustainable operating and investment experience. 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. Tel: 973-243-5500 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. RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. Parthenon has been continually invested in the wealth management sector for over a decade, added Anthony Orazio, partner at Parthenon Capital. 3. More Venbrook news. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Founded in 1998, Parthenon has managed top-performing funds with over $6 billion of total capital commitments. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. RSM is the leading provider of professional services to the middle market. Tel: 818.598.8900 Tel: 818.598.8900 Anthony J. Orazio Partner Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firm's Boston office. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. That kind of acumen is why we continue to prosper across the full spectrum of risk management. Fax: 973-243-5550, Camas, WA 98607 Woodland Hills, CA 91367 Andrew was also a financial analyst for Enron Corporation in the companys retail group. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Visit our online payment solution to make a payment via credit card or ACH. Description. 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. 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. Venbrook Group, LLC ("Venbrook Group") is a limited liability company . Dave Scudder, RSM US Wealth Managements national leader, will transition to Choreo with the rest of the wealth management team and become Choreos Executive Vice President, Strategic Partnerships. origin : the genesis of our brokerage business and the evolutions of its leadership. View All . Established through a series of long-lasting relationships, that enable us to negotiate more competitively, on your behalf. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Venbrook is headquartered in Los Angeles with various locations across the country. Our industry and businesses, while continuing to invest in growth companies in service and technology create... Floor United States, ( 818 ) 598-8900. www.venbrook.com firms Boston office to expand its platform. 598-8900. www.venbrook.com portfolio companies on various strategic initiatives agreement to acquire in multiple industries to hedge energy! 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