Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Were thrilled with the acquisition and the ability to offer our clients a broader portfolio of products and services through the Venbrook platform, said Rob Parisi, Founder and President of RD Parisi. Andrew was also a financial analyst for Enron Corporation in the companys retail group. 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. Parthenon Capital provides capital and strategic resources to growth companies in our three core sectors: financial services, healthcare services and business services. 6320 Canoga Avenue, 12th Floor 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. All rights reserved. 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. 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. "Venbrook has built an outstanding culture and reputation that aligns perfectly with IIB's approach to providing clients with superior service and risk management solutions. For more information, contact Kimberly Bartok at 212.372.1239 orkim.bartok@rsmus.com. Acquirer Name . Venbrook and Parthenon could not be reached for comment on this article. About Venbrook Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. Visit us online at www.venbrook.com/insightsfor regular updates. Brian Golson is a Managing Partner and Co-CEO of Parthenon Capital and is a member of the firm's Investment Committee. Headquartered in Glendale, CA, DMA is an industry leading independent adjuster servicing more than 40 states nationally with over 150 locations. 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. Tel: 570.682.9429 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. 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. 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. Supporting our clients to address, analyse, and prepare for the challenges facing today's leading institutions. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Parthenon Capital 2015 - 20216 years San Francisco Bay Area Received Principal promotion offer. From modest origins as the sole proprietor of a retail brokerage, Jason has led Venbrook through a series of successful transitions and acquisitions. Venbrook Insurance Services LLC. BirchSokak Sistemleri > Basn yaynlar > BirchStreet Systems, Parthenon Capital'den Yatrm Duyurdu. 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. Andrew is located in San Francisco and is Head of the San Francisco office. 2023 Venbrook Group Holdings, LLC. 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. The acquisition comes amid a period of rapid expansion after Venbrook partnered with private equity firm Parthenon Capital last year. At Trilogy, Andrew focused primarily in business development, establishing partnerships to spur growth for one of Trilogys subsidiaries. Their most recent investment was on Jun 30, 2022, when Cherry Bekaert raised Parthenon Capital Partners has made 3 diversity investments. Alpharetta Underwriters. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. 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 appreciate the trust you place in us. Use this form to send an email directly to a Parthenon team member. Venbrook Insurance Services Email | 818-598-8992 LinkedIn Sarah Novakovich Chief Operating Officer Venbrook Claims Services LinkedIn Rob Parisi President RD Parisi & Associates Email | 973-243-5500 LinkedIn Louis Pippin Chief Claims Officer Venbrook Claims Services Email | 877-467-4262 LinkedIn Jack Reddy Chief Human Resources Officer AboutParthenon Capital It has retail operations for commercial insurance and employee benefits brokerage as well as a wholesale and MGA platform. Venbrooks 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 Prior to joining Venbrook, he held CFO roles at Concord Blue Energy, Hyman, and Suncor Capital. 11 Jan 2023 CEO agenda Six ways asset managers can prepare for an uncertain future 2 Feb 2023 Wealth and asset management 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. 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. 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. Field Value; Last updated: February 22, 2023: Created: February 22, 2023: Format: PDF: : Other (Public Domain) created: 7 days ago: format: PDF: has views . Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. We appreciate the trust you place in us. 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 Tel: 800.449.9555 We can identify potential exposures in both the tech and IT world, including cybercrime, communications, the cloud, and specialty coverages. DMA was advised on the transaction by Waller Helms Advisors. V-Ventures offers highly affordable turnkey insurance products leveraging technology and a deep understanding of vertical markets. Tel: 973-243-5500 "Parthenon Capital is a leading, growth-oriented mid-market private equity firm with offices in Boston, San Francisco, and Austin. Venbrook is headquartered inLos Angeleswith various locations across the country. 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. Well continue delivering the same level of personalized customer service our clients have always valued and now with more capability and resources. 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. origin : the genesis of our brokerage business and the evolutions of its leadership. Fax: 973-243-5550, Camas, WA 98607 From our founding, our team of professionals have been dedicated to client service and the protection of our clients to deliver returns. Parthenon Capital Partners Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. The technology landscape is ever-changing. Whether you are a property manager, real estate agent/broker, lawyer, architect/engineer, or consultant, discover how we can tailor a solution for you. RD Parisi complements Venbrooks already robust employee benefits division and expands Venbrooks presence on the East Coast. Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. 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. Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrooks evolution, said Jason Turner, Venbrook President and CEO. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. Tel: 847.598.3677 Parthenon utilizes niche industry expertise and a deep execution team to. Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Tel: 818.598.8900 Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Use this form to send an email directly to a Parthenon team member. Andrew is located in San Francisco and is Head of the San Francisco office. Woodland Hills, CA 91367 Let us develop a comprehensive insurance solution that fits your legal profession. Discover more acquisitions . Your environmental and alternative resource challenges are complex. 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. Search the Kapelle French Military Cemetery cemetery located in Zeeland, Netherlands. Tel: 818.598.8900 View All . Parthenon Capital has made a number of investments in the sector and formerly held stakes in wholesale giant AmWINS and expansive retail broker Relation. The private equity firm said in a Monday (Feb. 13) press release that it has entered into a definitive agreement to acquire . 28 Ocak 2022 tarafndan Gareth Fraser 3 dakikalk okuma. Tel: 818.598.8937. We provide specialized Surety expertise for License and Permit Bonds,Probate and Court Bonds. OneSource is a third party administrator (TPA) offering claims management and risk consultancy solutions. Los Angeles-based Venbrook Group LLC said Wednesday it has acquired InterContinental Insurance Brokers LLC, a Boston-based property/casualty brokerage. RD Parisi offers a complete range of employee benefits. Parthenon has expertise in the wealth management sector, refined over the past 10 years through strategic partnerships with management teams across the wealth management landscape, including HD Vest, Allworth Financial, Millennium Trust Company, and EdgeCo Holdings, among others. 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 . Fax: 847.598.3678, 927 West Main Street Parthenon Capital Partners has made 42 investments. Go WE PROVIDE UNIQUE SOLUTIONS AND EXPERTISE IN EVERY MARKET AUTOMOTIVE Our highly select group of independent brokers can help you obtain liability coverage for commercial-class vehicles. Jun. Private equity firm Parthenon Capital . Our reputation within the insurance carrier community, precedes us. 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. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Woodland Hills, CA 91367 Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. 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 PE firm Parthenon buys into Venbrook at around 10x Ebitda. RSM US Wealth Management LLC did not pay to be considered for this award. Tel: 818.598.8900 Meyer holds over three decades of experience across both the carrier . Each member firm is responsible only for its own acts and omissions, and not those of any other party. Bienvenido a EY.com . 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. Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. minimum capital and contributed surplus required of an insurance Visit our online payment solution to make a payment via credit card or ACH. Were incredibly proud of our wealth management team and their accomplishments over the past two decades, said Joe Adams, managing partner & CEO at RSM. 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.. 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