IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. Each member firm is responsible only for its own acts and omissions, and not those of any other party. 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. Investors (1) M&A Activity (5) 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. 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 . Prior to joining Parthenon in 2002, he was the CFO and Vice President of Operations for Everdream, a software company sold to Dell providing outsourced IT . Manalapan, NJ 07726 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 is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. List of Parthenon Capital Partners 's 8 Acquisitions, including Kroll Bond Rating Agency and Venbrook Insurance Services. Schaumburg, IL 60173 West Orange, NJ 07052 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. Bienvenido a EY.com . Since partnering with Parthenon Capital, a leading growth-oriented private equity firm, in 2020, the company has experienced a year of rapid growth. Manalapan, NJ 07726 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. 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. Registration as an investment adviser does not imply any skillset of the wealth manager and/or its advisors. 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. According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. We appreciate the trust you place in us. 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. About Venbrook Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. Acquirer Name . Andrew is located in San Francisco and is Head of the San Francisco office. 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. Fax: 570.682.9251, 70 Bridge Plaza Drive 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. We listen, learn, educate and apply our knowledge to work for you. Venbrook targets wholesale expansion after fundraise. 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. 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. Chief Human Resources Officer Tel: 973-243-5500 Richard Wolff We believe the combination of the experienced wealth management team with the vision of Parthenon and Larry Miles puts Choreo in a strong position for the future. RSM and Parthenon are dedicated to ensuring a smooth transition for RSMs wealth management people and clients. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. Parthenon Capital is a leading growth-oriented mid-market private equity firm with offices in Boston, San Francisco and Austin. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Our company markets our products through independent local, regional, and national agents and brokers, as well as through our strategic partnerships, alliances, and relationships with trade groups and associations. Fax: 818.598.8910, 11512 El Camino Real, Suite 120 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. Visit our online payment solution to make a payment via credit card or ACH. Fax: 847.598.3678, 927 West Main Street VSS is a nationally recognized wholesale brokerage and managing general agency specializing in specialty insurance services. Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 Managing all aspects of construction-related issues from planning for business continuity, to supply chain, and physical and operational risk. Search Crunchbase. We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. The Company invests in business services, financial, healthcare, distribution, and technology companies. We are committed to maintaining a safe and healthy workplace for our employees and our clients. Parthenon . Since partnering with Parthenon Capital, a leading growth-oriented private equity firm in 2020, the company . 17th February 2023 - Author: Kane Wells. More Venbrook news. Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrooks evolution, said Jason Turner, Venbrook President and CEO. 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. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Furthermore, clients can continue to receive tax and other services from RSM US LLP. 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. V-Ventures offers highly affordable turnkey insurance products leveraging technology and a deep understanding of vertical markets. Tel: 732.972.0600 . We protect educational institutions. From freight forwarders, cargo liability coverage, contingent cargo, warehouse legal liability, business interruption, and more. For more information, please visit www.venbrook.com. 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. Tel: 818.598.8900 Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Prior to Enron, he worked for Trilogy, Inc., an enterprise software company in Austin, Texas. 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. Its main operating subsidiary is Venbrook Insurance Services. Tel: 732.972.0600 Orlando brings 25 years of experience to the role. San Diego, CA 92130 Private-equity firm Parthenon Capital Partners has agreed to buy a majority stake in Kroll Bond Rating Agency LLC, in a rare instance of a credit-ratings firm changing hands. Tel: 818.598.8900 Guidance based on real world experience, from air cargo, airborne ambulances, flight departments, to private jets and more. Our reputation within the insurance carrier community, precedes us. It was built in the mid-5th century bce and dedicated to the Greek goddess Athena Parthenos ("Athena the Virgin"). 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. 2023 Venbrook Group Holdings, LLC. origin : the genesis of our brokerage business and the evolutions of its leadership. It has retail operations for commercial insurance and employee benefits brokerage as well as a wholesale and MGA platform. For more information, please visitwww.venbrook.com. All rights reserved. Manalapan, NJ 07726 Announced Date Apr 23, 2020 Acquisition Type Leveraged Buyout Acquisition Status Complete Disposition of Acquired Organization Separate Entity Recent News News Apr 23, 2020 Tel: 818.598.8900 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. We help employ better strategic options that enhance successful portfolios in the energy, petroleum, metals, and mining markets. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. 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. Prior to joining Parthenon, Anthony was an investment professional at Oak Hill Capital Partners, where he worked in the business & financial services industry group. Kimberly Bartok, NationalPublic Relations Leader,kim.bartok@rsmus.com,212.372.1239 We service the creative industry, offering risk management, from production companies and distributors to performers, post-production, and intellectual property. 30, 2022, 10:30 AM. United States, (818) 598-8900. www.venbrook.com. Private equity house Parthenon Capital has bought a controlling stake in US insurance brokerage Venbrook. LinkedIn. 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. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Disclaimer:The awards and recognitions mentioned throughout should not be construed as a testimonial or endorsement regarding our employees or advisory services. 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. 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, LLC operates as a private equity firm. The acquisition comes amid a period of rapid expansion after Venbrook partnered with private equity firm Parthenon Capital last year. 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. for media use only. Office Locations: Los Angeles, CA; Irvine, CA; San Diego, CA; Chicago, IL; Detroit, MI; Philadelphia, PA; New Jersey; New York. 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. Andrew joined Parthenon Capital in 2005. 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. 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. For you of our brokerage business and the evolutions of its leadership as an adviser... 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